$BNB BNB is the native cryptocurrency of the Binance ecosystem. Launched in 2017, BNB has evolved beyond a simple exchange token. It's used for:

- *Trading fee discounts*: Pay fees on Binance with BNB to receive discounts

- *Token sales*: Participate in Binance Launchpad projects using BNB

- *Staking and earning*: Earn rewards through BNB staking and other DeFi products

- *Utility token*: Used for various services within the Binance ecosystem

- *Token burns*: Binance regularly burns BNB, reducing supply and potentially increasing value

- *BNB Chain*: Powers the BNB Chain ecosystem, supporting decentralized applications and services

As the Binance ecosystem expands, BNB's utility and value proposition continue to grow, making it a prominent player in the cryptocurrency market.