#JELLYJELLYFuturesAlert

The **BNB token** (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched in 2017 as an ERC-20 token before migrating to Binance Chain. It serves multiple purposes, including paying for trading fees on Binance Exchange at a discount, participating in token sales, and powering decentralized applications (dApps) on Binance Smart Chain (BSC). BNB also enables staking, governance voting, and transactions within the BSC network. Over time, Binance has implemented periodic token burns to reduce supply, increasing scarcity. BNB’s utility and Binance’s growing ecosystem have made it one of the top cryptocurrencies by market capitalization.