$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB has since migrated to its own blockchain, Binance Chain.

BNB can be used for a variety of purposes, including:

1. Paying for transaction fees on the Binance platform (with discounts for using BNB).

2. Staking for participation in Binance's ecosystem and governance.

3. Buying goods and services from various merchants who accept BNB.

4. Participating in token sales on Binance Launchpad.

Over time, Binance has also implemented a periodic "burn" of BNB tokens, reducing the total supply to increase its scarcity.