$BNB is the native token of the decentralized #BNBbull B Chain, where it powers transactions, pays for fees, and allows for participation in governance. It can also be used on the Binance exchange for benefits such as trading fee discounts, token airdrops, and VIP membership. The BNB burn mechanism involves periodically buying back and permanently destroying a portion of BNB tokens to reduce the total supply. Check @BNB Chain B's price page for real-time updates on market cap and price movements#ETHMarketWatch