$BNB BNB is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token before migrating to its own blockchain, the BNB Chain. It was designed to offer trading fee discounts on the Binance exchange, but its utility has expanded significantly.

Today, BNB is used for:

• Paying transaction fees on BNB Smart Chain and BNB Beacon Chain

• Participating in token sales on Binance Launchpad

• Booking travel via platforms like Travala

• Providing liquidity in DeFi platforms

• Making purchases through Binance Pay and Binance Card

BNB also undergoes regular coin burns, reducing its total supply to increase scarcity and value. With a strong ecosystem and wide adoption, BNB remains one of the top cryptocurrencies by market cap.