$BNB , previously known as Binance Coin, is the native cryptocurrency of the BNB Chain. Originally launched as an ERC-20 token on the Ethereum network in 2017, BNB migrated to its own blockchain and became a central element of the Binance ecosystem.

Functions and Utilities: Transaction Fees: BNB is used to pay transaction fees on the BNB Chain, both on the BNB Beacon Chain and the BNB Smart Chain.

Discounts on Binance: Users of the Binance exchange can use BNB to obtain discounts on trading fees.

Participation in Token Sales: BNB allows participation in token sales and launches on the Binance platform.

Governance: BNB holders can participate in the governance of the BNB Chain, voting on important proposals and decisions.

Payments: BNB can be used as a form of payment in various establishments and services that accept cryptocurrencies.

Main Features:

Token Burn: Binance conducts quarterly burns of BNB, reducing the total supply of the coin and potentially increasing its value.

BNB Chain Ecosystem: BNB is fundamental to the functioning of the BNB Chain, which supports decentralized applications (dApps) and decentralized finance (DeFi).

Wide Acceptance: BNB is one of the most popular and widely accepted cryptocurrencies in the market.