$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially an ERC-20 token, it later migrated to Binance Chain. BNB is widely used within Binance for trading fee discounts, participating in token sales on Binance Launchpad, and paying transaction fees on Binance Smart Chain (BSC).

The coin has a deflationary model, with Binance conducting quarterly burns to reduce its total supply, initially capped at 200 million. BNB powers DeFi activities like staking, yield farming, and liquidity mining on BSC and is accepted for payments, travel bookings, and as collateral for loans.

As a utility token, BNB supports Binance’s growth while driving adoption in decentralized applications. Its value is tied to its demand within Binance’s ecosystem and beyond. The coin’s expanding use cases and limited supply contribute to its popularity among crypto enthusiasts.