$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially issued as an ERC-20 token on Ethereum, it later migrated to Binance Chain and Binance Smart Chain (BSC). BNB is widely used to pay for transaction fees on Binance Exchange with discounts, participate in Binance Launchpad token sales, and power decentralized applications (dApps) on BSC. Its versatility extends to DeFi projects, NFTs, and payments. Binance regularly conducts token burns to reduce BNB supply, aiming to increase its value. BNB remains one of the top cryptocurrencies by market capitalization and plays a crucial role in the Binance ecosystem.