$BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world's largest crypto exchanges. Initially launched as an ERC-20 token, it later migrated to Binance Chain and Binance Smart Chain (BSC).
BNB is used for trading fee discounts on Binance, paying transaction fees on BSC, participating in token sales, and more. It also plays a key role in Binanceโs ecosystem, including DeFi, NFT marketplaces, and staking.
With periodic BNB burns, Binance reduces its total supply, potentially increasing its value over time. As Binance grows, BNB remains a vital asset in the crypto space.
