$BNB (formerly known as Binance Coin) is the native cryptocurrency of the BNB ecosystem. It is used for:

Paying transaction fees on the BNB Chain

Receiving discounts on certain services within the Binance ecosystem

Staking and governance participation

Powering decentralized applications (DeFi, NFTs, and smart contracts) on BNB Chain

Key facts

Launched in 2017.

Originally issued as an ERC-20 token on Ethereum before migrating to its own blockchain ecosystem.

Uses a token-burning mechanism that periodically removes coins from circulation.

Consistently ranks among the largest cryptocurrencies by market capitalization.

For official information, see and .

If you'd like, I can also explain:

How BNB works

Whether BNB is a good investment

BNB price outlook

How to buy and store BNB safely

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