$BNB BNB (Binance Coin) is the native token of Binance, one of the world's largest exchanges. It was released in 2017 as an ERC-20 token built on the Ethereum network, and later migrated to its own Binance Chain blockchain.
Uses of BNB:
1. Reduce trading fees:
When using BNB to pay trading fees on the Binance platform, users receive discounts up to a specified percentage (which gradually decreases each year according to the platform’s schedule).
2. Investing in new projects:
BNB is used to participate in IPOs on the Binance Launchpad platform.
3. Payment method:
It is used to pay transaction fees, purchase products and services, or even book through travel sites like Travala.
4. Staking:
BNB can be used in staking programs on the Binance Smart Chain (BSC) network.
5. Trading:
You can trade BNB for other cryptocurrencies or fiat currencies.
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The most important features of BNB:
1. Regular burning:
Binance burns a certain amount of BNB periodically to reduce the supply and increase the value of the coin in the long run. The amount is determined based on the profits of the
