BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem. It's one of the world's most popular utility tokens, and it can be used for a variety of purposes, including:
* Paying trading fees on the Binance exchange at a discount
* Participating in initial exchange offerings (IEOs) on Binance Launchpad
* Booking travel and paying for other goods and services
* Staking to earn rewards
BNB is also used to power the BNB Chain, a blockchain network that supports decentralized applications (dApps). The total supply of BNB is constantly decreasing through a process called burning, which helps to increase its value over time.
