$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. It was initially launched in 2017 as an ERC-20 token on the Ethereum blockchain but later migrated to Binance’s own blockchain, BNB Chain (formerly Binance Smart Chain and Binance Chain).

Uses of BNB:

1. Trading Fee Discounts: Binance users get discounts on trading fees when paying with BNB.

2. Transaction Fees: BNB is used to pay for gas fees on the BNB Chain.

3. Staking & DeFi: Users can stake BNB to earn rewards or use it in decentralized finance (DeFi) applications.

4. Token Sales & Launchpad: BNB is used to participate in Binance Launchpad token sales.

5. Payments & Utility: Many platforms accept BNB for payments, including travel, gaming, and entertainment.

BNB has a burn mechanism called BNB Auto-Burn, which periodically reduces the total supply to increase scarcity and value over time.

Would you like to know more about BNB price, future outlook, or how to use it?