$BNB

BNB, or Binance Coin, is a cryptocurrency originally created by the Binance exchange in 2017 as an ERC-20 token on the Ethereum blockchain. It was designed to be used as a utility token within the Binance ecosystem, offering users discounts on trading fees and various other services within the exchange. Over time, BNB transitioned to its own blockchain, Binance Chain, which further expanded its use cases. Beyond trading fee discounts, BNB is now used for a variety of purposes, such as participating in token sales on Binance Launchpad, paying transaction fees on the Binance Smart Chain (BSC), and supporting decentralized finance (DeFi) applications. BNB’s value has grown significantly, making it one of the top cryptocurrencies by market capitalization. Its versatility and strong backing from Binance have contributed to its widespread adoption in the crypto space.