$BNB

BNB, formerly known as Binance Coin, is the native cryptocurrency of the Binance ecosystem. Launched in 2017, it initially operated on the Ethereum blockchain as an ERC-20 token before migrating to Binance's own blockchain, Binance Chain. BNB serves multiple purposes, including paying for transaction fees on Binance Exchange, participating in token sales, and facilitating decentralized finance (DeFi) applications. It also powers the Binance Smart Chain (BSC), a blockchain supporting smart contracts and decentralized apps (dApps). BNB's value has grown significantly due to its utility and Binance's ecosystem expansion. #crypto