Binance Token (BNB) is the native cryptocurrency of Binance, one of the world’s largest crypto ecosystems. Initially launched as an ERC-20 token in 2017, BNB transitioned to Binance Chain and later became integral to Binance Smart Chain, enabling fast, low-cost transactions. BNB offers versatile utility, including trading fee discounts, staking rewards, and participation in DeFi and decentralized applications (DApps). A unique feature is its periodic "burn" mechanism, which reduces circulating supply to enhance scarcity. BNB has evolved from a utility token for Binance’s platforms to a key asset in the broader blockchain ecosystem.