Binance Coin

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the world's largest cryptocurrency exchanges. Originally launched as an Ethereum-based token, BNB has since migrated to Binance's own blockchain, Binance Chain. BNB serves multiple functions within the Binance platform, including fee discounts for trading, participation in token sales on Binance Launchpad, and as collateral for various DeFi applications. It has gained popularity for its versatility and utility, both as a trading asset and as a means of accessing various services and features within the Binance ecosystem, contributing to its prominence in the Web3 landscape.