$BNB

BNB, formerly Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the world's largest crypto exchanges. Launched in 2017, BNB initially served as a utility token on Ethereum, offering users discounted trading fees on Binance.

It has since migrated to its own blockchain, the BNB Chain, encompassing BNB Smart Chain (BSC), BNB Beacon Chain, and other components. BNB powers transaction fees on BSC, supports decentralized applications (dApps), and is used for staking, yield farming, and participating in token sales on Binance Launchpad. BNB also features a "burn" mechanism to reduce its total supply over time.