$BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 on Ethereum and later migrated to Binance’s own BNB Chain (formerly Binance Smart Chain). It serves multiple purposes:

Trading fee discounts on Binance Exchange

Token sales participation via Binance Launchpad

Gas fees for transactions on BNB Chain

Staking, DeFi, and NFTs across the Binance ecosystem

Burn mechanism reduces supply, boosting long-term value (quarterly auto-burn + BNB Pioneer Burn)

With a strong utility foundation, BNB remains one of the top 5 cryptocurrencies by market cap, central to Binance’s Web3 vision. 🚀