$BNB

BNB, formerly known as Binance Coin, is the native cryptocurrency of the BNB Chain, a blockchain ecosystem that powers the BNB Smart Chain, BNB Greenfield, and opBNB, and is used for various functions within that ecosystem, including trading, paying transaction fees, and accessing discounts on Binance.

BNB was created in 2017 as a utility token on Ethereum, with the goal of providing discounts on trading fees at Binance. In 2019, it moved to Binance's own blockchain, Binance Chain, and became its main token.

Binance implements an auto-burn system to reduce the total supply of BNB tokens, which is currently set at 200 million.