Binance CoinBNB#5

Binance Coin (BNB) is the native cryptocurrency of the BNB Chain (formerly Binance Smart Chain and Binance Chain), originally launched by the Binance exchange. Initially created as an ERC-20 token on Ethereum, BNB transitioned to its own blockchain to reduce fees and increase transaction efficiency. Today, BNB serves multiple purposes: it can be used to pay trading fees on the Binance exchange, participate in token sales on Binance Launchpad, and power various DeFi applications running on BNB Chain. Beyond its exchange-related functions, BNB underpins a thriving ecosystem of smart contracts, DApps, and NFT projects. The BNB Chain offers faster and cheaper transactions compared to many other networks, making it attractive for both users and developers. BNB is deflationary by design, with periodic 'coin burns' reducing the total supply, potentially increasing its value over time. As one of the most recognized cryptos in the industry, BNB is often viewed as both a utility token for the Binance ecosystem and a long-term investment asset.