$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance exchange. Originally launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB was later migrated to Binance's own blockchain, Binance Chain. The coin has several uses within the Binance ecosystem:

Trading Fee Discounts: BNB can be used to pay for trading fees on Binance, offering users a discounted rate.

Token Sale Participation: BNB is used to participate in token sales through Binance Launchpad.

DeFi and Staking: BNB plays a role in decentralized finance (DeFi) apps and staking on Binance Smart Chain (BSC), Binance’s blockchain.

Payments: BNB is accepted by various merchants for both online and offline payments.

Additionally, Binance periodically burns BNB coins to reduce the total supply, aiming to increase scarcity and potential value over time.