Binance Coin, launched in 2017 by the Binance cryptocurrency exchange, initially served as a utility token for discounted trading fees on the platform.

Binance regularly conducts token burns, where a portion of BNB tokens is permanently removed from circulation, reducing the total supply and potentially increasing the value of remaining tokens.

BNB has evolved into a multi-purpose utility token, offering various use cases within the Binance ecosystem, including fee discounts, token sales, transaction payments, and participation in decentralized finance (DeFi) applications.

​BNB has a vibrant and engaged community of users and developers, supported by initiatives such as the Binance Launchpad for token sales, Binance Academy for educational resources, and Binance Charity for philanthropic endeavors.

BNB powers the Binance Smart Chain, a blockchain platform that enables developers to build decentralized applications (DApps) and smart contracts with low fees and fast transaction speeds, rivaling Ethereum's network.

BNB has been integrated into various aspects of the cryptocurrency ecosystem, including payment gateways, merchant services, and third-party platforms, driving broader adoption and utility for the token.