$BTC

BNB, the native cryptocurrency of the Binance ecosystem, has evolved significantly since its 2017 launch. Initially an ERC-20 token on Ethereum offering trading fee discounts, it now underpins the expansive BNB Chain (formerly Binance Smart Chain), a leading platform for decentralized applications (dApps).

BNB facilitates transactions, powers smart contracts, and is integral to DeFi activities like staking and yield farming. It also grants access to exclusive token sales on Binance Launchpad. Recent discussions by Binance founder Changpeng Zhao hint at the potential for BNB holders to secure residency benefits, possibly mirroring programs seen with other cryptocurrencies, further expanding its utility beyond just the digital realm.