Summary of the functions of Binance Coin (BNB) and the benefits of holding BNB, here is a detailed overview:

1. Trading fee discount: Users holding BNB can enjoy up to a 25% discount on trading fees when paying on the Binance platform. This not only reduces the trading costs for users but also promotes the circulation and use of BNB.

2. Participation in IEO (Initial Exchange Offering): BNB can be used to participate in IEOs on the Binance platform, providing investors with more investment opportunities.

3. Applications in the DeFi sector: The application scenarios of BNB have expanded to the DeFi sector, where users can earn rewards by staking BNB on different DeFi platforms.

4. NFT market: BNB plays an important role in the NFT market, with Binance's launched NFT market allowing users to buy and trade digital artworks and collectibles using BNB.

5. Payment functionality: BNB is increasingly accepted by more merchants and platforms as a means of payment, enhancing the practical use value of BNB.

6. Annualized returns from BNB Launchpool: According to historical data, the annualized return rate of BNB is about 9.5% during bear markets, with expectations for higher returns during bull markets.

7. Binance Earn: BNB supports various investment and financial services within the Binance ecosystem, such as the Binance Earn platform which offers various cryptocurrency staking and yield options.

8. Governance capability: BNB holders can participate in governance decisions for the Binance Smart Chain, influencing the development and adjustment of network parameters.

9. BNB burn mechanism: Binance uses part of its profits to repurchase and destroy BNB tokens, reducing the total supply, aiming to enhance scarcity and value.

10. BNB reward pool: Sources of rewards from the BNB reward pool include staking loans, new coin mining, HODLer airdrops, and Binance marketing budget, providing users with additional earnings.

Holding BNB not only allows for trading fee discounts, participation in new project launches, and earning in the DeFi and NFT markets, but also offers additional rewards through the BNB reward pool and governance participation in the Binance Smart Chain. These functions and sources of benefits make BNB an indispensable part of the Binance ecosystem. #币安Alpha公布第5批项目 #币安LaunchpoolBIO $BNB