# Why BNB Token is a Must-Have in Your Crypto Portfolio before bull market begins
BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, playing a crucial role in one of the world's largest crypto exchanges. Launched in 2017, BNB offers several benefits to its holders, including:
Fee Discounts:Enjoy significant savings on trading fees when you pay with BNB on the Binance exchange.
Utility Across Ecosystems:Use BNB for transactions on Binance Chain and Binance Smart Chain, participate in token sales on Binance Launchpad, and engage in DeFi activities like staking and yield farming.
Regular Token Burns:Binance conducts quarterly burns to reduce BNB's total supply, potentially increasing its value over time.
Wide Acceptance: BNB is widely accepted for payments, both online and offline, including travel bookings, entertainment, and shopping.
With its growing use cases and the continuous development of the Binance ecosystem, BNB is not just a token but a cornerstone of the crypto world. If you’re looking to diversify your portfolio, BNB is a smart and strategic choice.
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