$BNB Binance Coin (BNB) is the cryptocurrency native to the Binance exchange, one of the largest cryptocurrency exchanges globally. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB has since transitioned to Binance's own blockchain, the Binance Smart Chain (BSC). BNB serves multiple purposes within the Binance ecosystem, including trading fee discounts, transaction fees on the Binance Smart Chain, and participation in token sales on Binance Launchpad.

BNB's utility extends beyond the Binance platform, as it’s utilized in various decentralized applications (dApps) on BSC. The supply of BNB is capped at 200 million, with periodic token burns by Binance to reduce circulating supply and increase scarcity. BNB's value has seen significant fluctuations, heavily influenced by market trends and Binance's developments. It caters to investors, traders, and developers within the cryptocurrency landscape, forming a vital part of the broader blockchain economy. #BNBToken #bnb