$BNB (This is not a advise)BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. Initially created as an ERC-20 token on the Ethereum blockchain, it later migrated to Binance's own blockchain, the Binance Chain (and now Binance Smart Chain, BNB Chain). BNB serves multiple purposes, including paying for transaction fees on Binance exchanges at a discounted rate, participating in Initial Exchange Offerings (IEOs) on the Binance Launchpad, and powering various applications within the BNB Chain ecosystem.