$BNB

BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges globally. Initially launched in 2017 as an ERC-20 token on the Ethereum blockchain, BNB later migrated to its own Binance Chain. It serves multiple purposes within the Binance ecosystem:

Transaction Fees: Users can use BNB to pay for trading fees on Binance with discounts.

Token Sales: BNB is utilised in Binance Launchpad for participating in token sales.

Payments: Many merchants accept BNB as a form of payment.

DeFi Applications: BNB plays a role in various decentralised finance applications on Binance Smart Chain.

BNB has evolved beyond just a utility token, influencing a wide range of decentralised applications and services.