$BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. Originally launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB later migrated to Binance Chain and later Binance Smart Chain (BSC), which merged into BNB Chain in 2022.

Key Features of BNB

Utility Token – BNB is primarily used to pay for trading fees on Binance, often at a discount.

Binance Smart Chain (BSC) – BNB powers BSC, a blockchain supporting DeFi, NFTs, and smart contracts.

Burn Mechanism – Binance regularly burns (destroys) BNB to reduce supply and increase scarcity.

Use Cases – BNB can be used for staking, transaction fees, payments, and even travel bookings.

Security & Governance – Holders can participate in Binance Chain governance and network validation.

BNB Tokenomics

Total Supply: Initially 200 million BNB (reduced through burns).

Burning Mechanism: Binance conducts quarterly burns based on trading volumes and an auto-burn system.

Current Status: One of the top cryptocurrencies by market capitalization.