$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on the Ethereum blockchain before migrating to Binance Chain and later BNB Smart Chain (BSC).

Key Features of BNB

1. Utility Token – Used for transaction fees, trading fee discounts, and payments within Binance services.

2. BNB Smart Chain (BSC) – A blockchain supporting smart contracts and decentralized applications (DApps).

3. Burn Mechanism – Binance regularly burns BNB to reduce supply and increase scarcity.

4. Use Cases – Payments, DeFi projects, token launches, and more.

5. High Speed & Low Fees – BSC is optimized for fast and cost-effective transactions.

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