BNB
BNB stands for Binance Coin, which is a cryptocurrency created by the Binance exchange. Initially developed as a utility token to facilitate trading fee discounts on the platform, BNB has since evolved to serve various purposes within the Binance ecosystem. It can be used for trading fee reductions, participating in token sales on Binance Launchpad, and making payments for goods and services where accepted. BNB is based on the Ethereum blockchain but has since migrated to Binance's own blockchain, known as Binance Chain. The token is also employed in decentralized finance (DeFi) applications and is involved in various projects within the cryptocurrency space. BNB’s popularity has grown significantly, making it one of the top cryptocurrencies by market capitalization.