Token BNB generally refers to BNB (Binance Coin), which is the native cryptocurrency of the Binance ecosystem. Initially launched as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, Binance Chain, and is used for various functions within the Binance ecosystem, such as:

Transaction Fees: BNB can be used to pay for trading fees on Binance with a discount, especially in the early stages of the token's adoption.

Staking and Governance: On Binance Smart Chain (BSC), BNB can be staked to help secure the network and participate in governance.

DeFi and Dapps: BNB is used in decentralized finance (DeFi) applications, liquidity pools, and other decentralized applications (Dapps) built on Binance Smart Chain (BSC).

Token Burn: Binance regularly conducts a “token burn” where a portion of the total supply of BNB is destroyed to reduce supply and, in theory, increase scarcity and value.

BNB can also be seen as an investment vehicle, traded on various exchanges like B