BNB is a cryptocurrency that was created by Binance, one of the largest cryptocurrency exchanges in the world. Binance launched BNB in 2017 as an ERC-20 token on the Ethereum blockchain, but later migrated it to its own blockchain called Binance Chain. BNB is primarily used as a utility token on the Binance platform, allowing users to pay for trading fees, listing fees, and other services at a discounted rate. Binance also offers a range of other services that can be paid for with BNB, including travel bookings, charity donations, and more. BNB has become increasingly popular among traders and investors due to its strong use case and the growing popularity of the Binance platform.

One of the key features of BNB is its deflationary model. Binance uses a portion of its profits to buy back and burn BNB tokens, reducing the total supply over time. This has helped to increase the value of BNB and make it a more attractive investment option. Binance has also launched a range of other initiatives to support the growth of the BNB ecosystem, including the Binance Launchpad, which allows users to invest in new blockchain projects using BNB, and the Binance DEX, a decentralized exchange built on the Binance Chain. Overall, BNB has become a key player in the cryptocurrency market, with a strong use case and a growing community of users and investors.