$BNB Some facts about the cryptocurrency BNB:

BNB was initially created as a utility token to reduce trading fees on the Binance exchange. BNB holders can pay trading fees with a discount of up to 25%.

BNB is now regarded as the native cryptocurrency of the decentralized Binance ecosystem.

Binance periodically conducts airdrops of BNB for token holders and rewards those who stake their BNB.

BNB is used not only on the Binance exchange. It is also integrated with various external wallets, trading platforms, and DeFi projects.

Early investors in BNB made significant profits. The token was launched in 2017 at a price of about $0.15 and reached $500 in 2021.

Binance has allocated a burn fund for the quarterly destruction of a certain amount of BNB. This reduces the token supply, creating a potential deflationary scenario.

BNB holders can participate in the governance of the Binance ecosystem through the Binance Coin Election. They vote for validators who will manage the Binance Smart Chain network.

Binance has issued debit cards,

users can pay with BNB for everyday purchases.