$BNB

Binance Coin (BNB):

• Purpose: Native cryptocurrency of Binance, used for transaction fees, staking, and ecosystem utilities.

• Blockchain: Migrated from Ethereum (ERC-20) to Binance Chain and powers Binance Smart Chain (BSC).

• Use Cases: Fee discounts, DeFi, NFTs, token launches (Binance Launchpad), and staking rewards.

• Tokenomics: Deflationary via quarterly burns, reducing supply to increase value.

• Significance: Among top cryptocurrencies by market cap, essential to Binance’s ecosystem and DeFi growth.