$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. Originally launched as an ERC-20 token on Ethereum in 2017, it later migrated to Binance’s own blockchain, BNB Chain (formerly Binance Smart Chain and Binance Chain).

Key Features of BNB:

• Utility Token: Used for trading fee discounts on Binance, paying transaction fees, and participating in token sales on Binance Launchpad.

• BNB Chain: Supports smart contracts, DeFi projects, and NFTs, making it a competitor to Ethereum.

• Burn Mechanism: Binance periodically burns (destroys) BNB to reduce supply and increase scarcity.

• Staking & Earning: Users can stake BNB for rewards or use it in Binance Earn products for passive income.