Binance Coin: Binance Coin (BNB) holds a special place in the crypto realm as the native cryptocurrency of Binance, one of the largest and most influential cryptocurrency exchanges globally. Launched during the initial coin offering (ICO) of the Binance platform in 2017, BNB initially served as a utility token for trading fee discounts and other exchange-related services. <br><br>Since then, Binance Coin has evolved into a multi-faceted digital asset. Beyond reducing trading fees on the Binance exchange, BNB is now widely adopted as a means of payment, particularly within the Binance ecosystem. Furthermore, Binance conducts regular token burns, effectively reducing the circulating supply of BNB, potentially enhancing its value over time.