Why was BNB invented?

BNB was created to enable the Binance cryptocurrency platform and enhance its operations to create a sustainable ecosystem. The currency can be used for various purposes including paying listing fees, exchange fees, trading fees or any other fees that the user may incur on the platform. In the first year, Binance offered a 50% merchant discount which will decrease by half each coming year with the discount ending in year five. The coin can also be used for IEO investments listed on Binance's Launchpad section. These new currencies will then be listed on the Binance cryptocurrency trading platform, providing them with a full-featured marketplace to trade.