#FollowTheLeaderTrader

BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially an ERC-20 token on Ethereum, it migrated to Binance Chain in 2019. BNB serves multiple purposes, including paying transaction fees on Binance Exchange at a discounted rate, participating in token sales on Binance Launchpad, and facilitating transactions on Binance Smart Chain (BSC), a blockchain supporting smart contracts and decentralized applications (dApps). BNB's supply is capped at 200 million, with periodic burns to reduce circulation. Its value has grown significantly, driven by Binance's popularity, utility, and the expansion of the BSC ecosystem.