$BNB

BNB Coin: The Backbone of the BNB Chain

BNB (Binance Coin) is the native cryptocurrency of the BNB Chain, originally launched by Binance in 2017. Initially used for trading fee discounts on Binance, BNB has since evolved into a multifunctional digital asset. It powers transactions, smart contracts, and decentralized applications (DApps) within the BNB Chain ecosystem.

BNB also plays a crucial role in Binance Launchpad, NFT marketplaces, and DeFi projects. With a unique token-burning mechanism, its supply is gradually reduced, increasing its scarcity and potential value. BNB has gained strong investor confidence due to its utility, widespread adoption, and Binance’s influence in the crypto industry. However, market fluctuations and regulatory challenges remain key risks for BNB holders.