$BNB **BNB** (originally Binance Coin, now "Build and Build") is the native cryptocurrency of the BNB Chain ecosystem, developed by the Binance exchange. Launched in 2017, it initially served as a utility token offering discounted trading fees on the Binance platform.

Today, BNB's utility has expanded significantly. It powers transactions and smart contracts on the **BNB Smart Chain (BSC)**, a popular blockchain known for its low fees and fast transaction speeds, making it a rival to Ethereum. BNB also functions as a **governance token**, allowing holders to vote on network upgrades, and is integral to various decentralized applications (dApps) and services within the broader Binance ecosystem. It undergoes regular "token burns" to reduce its supply, aiming to increase its scarcity.