I think$BNB currency value is pretty higher
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, and it's used for various purposes within the platform. One of the most significant benefits of holding BNB is that it reduces trading fees on the Binance Exchange ¹.
*What is BNB Used For?*
BNB's use cases extend far beyond the Binance ecosystem, making it a powerful and practical digital asset. Some of the popular use cases for BNB include:
- _Reduced trading fees on the Binance Exchange_: BNB holders can enjoy discounted trading fees when using BNB to cover the costs ¹.
- _Binance DEX trading fees_: BNB can be used to pay for trading fees on the Binance DEX platform ².
- _Transaction fees on the BNB Beacon Chain and BNB Smart Chain_: BNB is the primary currency for covering transaction fees on both the BNB Beacon Chain and BNB Smart Chain ².
- _Payments for goods and services_: BNB can be used to pay for online and in-store purchases using Binance Card or Binance Pay ².
- _Travel bookings_: Travala.com allows users to book hotels, flights, and more using BNB ².
*Forms of BNB*
BNB is available in three distinct forms, each with unique characteristics and functionalities:
- _BNB BEP-2 on the BNB Beacon Chain_: The native coin of the Binance Chain, BEP-2 BNB tokens were introduced with the mainnet launch on April 18th, 2019 ².
- _BNB BEP-20 on the BNB Smart Chain_: Launched in September 2020, the BNB Smart Chain (BSC) is a parallel blockchain network that operates alongside the BNB Beacon Chain ².
- _BNB ERC-20 on the Ethereum network_: These are the original BNB tokens that were issued during the ICO ².
Overall, BNB is an essential asset within the Binance ecosystem, offering a range of benefits and use cases that make it a popular choice among cryptocurrency enthusiasts.$BNB