let's talk about the native token of the binance centralised exchange platform

(1) Reducing transaction costs on Binance

There are many uses for the BNB, and they tend to increase over time. However, the majority of investors use it solely to reduce their costs when trading on Binance. Let's take a closer look at all the ways in which the BNB can be used.

(2) Participating in Binance's IEOs

Just like Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs) enable projects to raise funds in tokens, the difference being that they take place on exchanges. Binance has its own platform dedicated to IEOs for cryptocurrency projects, called Binance Launchpad.

(3) Commissions on referrals

With referral options, you can increase your income on Binance if you hold BNB. For users who refer people when they sign up to Binance, commission can be earned on every transaction made by their referrals. What's more, when a referrer shares their invitation link, they decide how their commission is distributed.

(4) Native token

BNB will work on BSC in the same way that ETH works on Ethereum, so it remains BSC's ‘native token’. This means that BNB will be used to:

Pay ‘fees’ to deploy smart contracts on BSC.

Bet on selected BSC validators and earn corresponding rewards.Perform cross-chain transactions, such as transferring token assets between BSC, opBNB and Greenfield.

Real-time burn

To speed up the BNB burn process and make BSC more decentralised, part of the gas fee will be burned. A fixed ratio of the gas charges collected by the validators will be burned in each block. The burn rate can be regulated by the BSC validators. Validator Consensus and Quorum

Based on the above design principles, the BSC consensus protocol is to achieve the following objectives:

The blocking time must be shorter than that of the Ethereum network, e.g. 3 seconds.

A short time is needed to confirm the finality of transactions, e.g. around 10 seconds or less.

There is no inflation of the native token: BNB, the block reward is collected from the transaction fee, and it will be paid in BNB