$BNB

$BNB, or Binance Coin, is the native cryptocurrency of the Binance exchange platform, one of the largest in the world. Originally launched in 2017 as an ERC-20 token on the Ethereum network, $BNB was migrated to its own blockchain, Binance Chain, in 2019. The coin is primarily used to pay transaction fees within the platform, offering discounts to users who utilize it. Additionally, $BNB has evolved to serve as a medium of exchange in various applications and services within the Binance ecosystem, including Binance Smart Chain, which enables the creation of smart contracts and decentralized applications.