$BNB
BNB is a digital cryptocurrency launched by the popular cryptocurrency exchange Binance. It was designed to be a primary payment method within the platform, but it has evolved into one of the largest cryptocurrencies by market cap.
What are the most important uses of BNB?
Trading fees: BNB can be used to pay trading fees on the Binance platform, providing significant discounts to users.
Other services: In addition to trading, BNB can be used to pay for a wide range of services offered by Binance, such as listing fees and withdrawal fees.
Binance Smart Chain: BNB is the native currency of the Binance Smart Chain, a blockchain platform that runs on smart contracts and allows the development of decentralized applications (DApps).
Investment: Due to its high market cap and popularity, many consider BNB an attractive long-term investment.
What makes BNB different from other cryptocurrencies?
Burning coins: Binance burns a portion of its BNB coins periodically, reducing the circulating supply and supporting the price increase.
Rapid growth of Binance: As Binance grows rapidly, the demand for BNB increases, pushing its price higher.#BNBBhutanReserves