#bnb *Binance Coin (BNB)* is the native cryptocurrency of the Binance exchange, one of the largest and most popular cryptocurrency platforms globally. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB was later migrated to Binance's own blockchain, Binance Chain. BNB serves multiple purposes within the Binance ecosystem, including paying for transaction fees on the exchange, participating in token sales on Binance Launchpad, and powering decentralized applications (dApps) on Binance Smart Chain (BSC). Additionally, BNB holders can use it for various discounts, rewards, and services within the Binance platform. The coin has grown significantly in value and adoption, driven by Binance's expanding services and ecosystem.