$BNB BNB (Binance Coin) is a utility token created by the world's largest cryptocurrency exchange, Binance. It was launched in 2017 through its Initial Coin Offering (ICO). Initially, it existed as an ERC-20 token on the Ethereum blockchain, but later it was migrated to the Binance Smart Chain (now BNB Chain).

BNB has various uses. It can be used to reduce trading fees on the Binance platform. Additionally, it is essential for paying transaction fees in the BNB Chain ecosystem, using decentralized applications (DApps), earning passive income through staking, and participating in the governance of the BNB Chain. The value and functionality of BNB make it an important asset for cryptocurrency investors.