BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, which includes the Binance exchange, Binance Smart Chain (BSC), and various Binance products and services. Initially, BNB was launched as an ERC-20 token on the Ethereum blockchain in 2017, but it later migrated to Binance's own blockchain, Binance Chain, in 2019.

BNB has several use cases:

Transaction Fees: It can be used to pay for trading fees on the Binance exchange at a discount.

Binance Smart Chain: It's used to pay for transaction fees and computational services on Binance Smart Chain (BSC). #Nill #bnb