BNB Coin, originally known as Binance Coin, is the native cryptocurrency of the BNB Chain ecosystem, developed by Binance in 2017. Initially launched as an ERC-20 token on Ethereum, it later migrated to Binance’s own blockchain platforms—BNB Beacon Chain and BNB Smart Chain. BNB is used to pay trading fees on Binance at a discount, power smart contracts, and facilitate transactions within decentralized apps (dApps). It also supports token sales on Binance Launchpad and is used in staking, liquidity pools, and DeFi projects. Regular coin burns reduce its total supply, aiming to increase its value over time. BNB plays a vital role in supporting Binance’s ecosystem and blockchain infrastructure.$
