Binance Coin (BNB)Binance Coin (BNB) is the native cryptocurrency of the Binance cryptocurrency exchange, one of the largest and most popular exchanges in the world. BNB was initially launched as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, known as Binance Chain.Key Features:Utility Token: BNB has various use cases within the Binance ecosystem. Users can pay for trading fees, transaction fees, and various other services on the Binance platform using BNB, often at a discounted rate.Binance Smart Chain (BSC): BNB plays a significant role in the Binance Smart Chain, which is Binance's blockchain platform for decentralized applications (DApps) and DeFi projects. It's used for staking, governance, and other activities on BSC.Token Burns: Binance periodically conducts "token burns," where a portion of BNB tokens is taken out of circulation, reducing the total supply and potentially increasing the value of the remaining tokens.ICO Platform: Binance Launchpad is a platform where new cryptocurrency projects can launch their initial coin offerings (ICOs) using BNB.Widespread Adoption: BNB is widely accepted across the crypto industry and can be used on various other platforms and services.