BNB, or Binance Coin, is the native cryptocurrency of the BNB Chain ecosystem. Launched in 2017 through an Initial Coin Offering (ICO), BNB initially raised $15 million and was designed to offer discounted trading fees on the Binance exchange. Over time, it has evolved into a key utility token powering the BNB Chain ecosystem.

*Key Features of BNB:*

- *Native Asset*: BNB is the native asset of the BNB Beacon Chain, used to pay for fees, similar to gas in the Ethereum network.

- *Trading Fee Discounts*: BNB offers discounted trading fees on the Binance exchange.

- *Governance Token*: BNB serves as a governance token, granting holders the ability to participate in the BNB Chain's decentralized on-chain governance.

- *Strategic Reserve Asset*: BNB plays a critical role in the BNB Executive Total Value Locked (TVL) campaign, driving ecosystem growth and incentivizing adoption.

*Current Market Performance:*

- *Price*: The current price of BNB is around $750-$791.28 USD, with a 24-hour trading volume of approximately $2 billion USD.

- *Market Capitalization*: BNB has a market capitalization of around $104-$110 billion USD, ranking it among the top 5 cryptocurrencies.

- *Circulating Supply*: The circulating supply of BNB is approximately 139.28 million coins.

*Use Cases:*

- *Trading*: BNB can be used to trade and pay fees on the Binance exchange.

- *Participation in Crypto Sales*: BNB enables participation in crypto sales and various other exchange features.

- *BNB Chain Ecosystem*: BNB powers the BNB Chain ecosystem, including the BNB Smart Chain (BSC) and opBNB L2s.¹ ² ³$BNB #TrumpTariffs #BNBATH