$BNB

BNB is the native cryptocurrency of the Binance ecosystem, originally launched in 2017.

Key points:

Utility token: It was first used to pay trading fees on Binance at a discount.

BNB Chain: BNB powers the BNB Smart Chain (BSC) — a blockchain for smart contracts, DeFi, NFTs, and more.

Burn mechanism: Binance burns BNB quarterly, reducing its supply over time — this can help with price appreciation long-term.

Use cases:

Trading fee discounts

Payment for goods/services

Gas fees on BSC

Staking and DeFi participation