is the native cryptocurrency of the Binance ecosystem, which includes the Binance Exchange and Binance Smart Chain (BSC). Launched in 2017, BNB was initially created to reduce trading fees on the Binance Exchange. Over time, its utility has expanded significantly. BNB is now used for various purposes, including transaction fees on BSC, staking, and participating in token sales on Binance Launchpad. It has become one of the most popular utility tokens in the cryptocurrency market, with a strong presence in decentralized finance (DeFi) and non-fungible tokens (NFTs) .