$BNB , also known as Binance Coin, is the native cryptocurrency of Binance, one of the world’s leading crypto exchanges. Initially launched in 2017 as an ERC-20 token on the Ethereum blockchain, BNB later transitioned to the Binance Chain. BNB is used for transaction fees, payments, and as a key part of the Binance ecosystem. It is well-known for regular token burns, which reduce supply and aim to stabilize its value in the long term.