BNB

BNB (Binance Coin) initially served as the platform token for the Binance exchange, used for fee discounts. It has now evolved into the core asset of the BNB Chain public blockchain, primarily used to pay for on-chain transaction fees, participate in network staking, and circulate within decentralized applications such as DeFi. Additionally, on the Binance platform, holders can enjoy trading discounts and access benefits for new projects. BNB employs a deflationary mechanism, with its total supply gradually being burned from 200 million down to 100 million coins. Currently, its market capitalization consistently ranks among the top five in the cryptocurrency market.