BNB (Binance Coin) is the platform token issued by Binance, the world's largest cryptocurrency exchange, with various uses and earnings.
Here are the main roles of BNB and the earnings enjoyed by holding BNB:
Main Roles of BNB
1. Trading Fee Discounts:
- BNB is primarily used to pay trading fees on the Binance exchange. Using BNB to pay trading fees can enjoy discounts of up to 25%.
2. Fuel for Binance Smart Chain (BSC):
- BNB is the native token of Binance Smart Chain (BSC), supporting more complex transactions and the development of decentralized applications (dApps) and DeFi applications.
3. Payment for Goods and Services:
- BNB can be used to pay for goods and services online and in physical stores, such as using Binance Card or Binance Pay.
- Users can also use BNB to book hotels and flights through Travala.com.
4. Participate in Binance Launchpad:
- BNB holders can participate in token sales hosted by Binance Launchpad.
5. Staking and Earnings:
- BNB holders can receive rewards by staking. Staking refers to depositing tokens in a specific wallet to support blockchain operations through the Proof of Stake mechanism (PoS).
- Users can also participate in the BNB earnings pool (Super Mining), enjoying multiple earnings from new coin mining, Binance Savings, and DeFi mining.
6. Binance Charity Donations:
- BNB can be donated to Binance Charity.
7. Liquidity Mining:
- BNB holders can participate in liquidity mining by providing liquidity to the platform and receive rewards from the platform.
8. NFT Marketplace Trading:
- BNB can be used to buy and sell digital collectibles on the Binance NFT marketplace.
9. Community Participation and Voting:
- BNB holders can participate in community activities and voting, such as discussions on new product launches or company regulations.
### Earnings Enjoyed by Holding BNB
1. Trading Fee Discounts:
- Using BNB to pay trading fees allows for discounts, reducing trading costs.
2. Staking Earnings:
- By staking BNB, users can receive regular earnings, similar to interest income from banks.
3. Multiple Earnings:
- By participating in the BNB earnings pool (Super Mining), users can enjoy multiple earnings from new coin mining, Binance Savings, and DeFi mining simultaneously.
4. Liquidity Mining Earnings:
- By providing liquidity to the platform, users can receive rewards offered by the platform.
5. New Coin Mining Earnings:
- Users can participate in new coin mining by staking BNB, receiving new coins as rewards.
6. Binance Launchpad Earnings:
- Holding a certain amount of BNB allows participation in token sales hosted by Binance Launchpad, providing early investment opportunities in new projects.
7. Binance Charity Donations:
- By donating BNB, users can participate in charitable activities and support social welfare.
8. NFT Marketplace Earnings:
- By trading with BNB on the Binance NFT marketplace, users can buy and sell digital collectibles, potentially earning investment returns.
In summary, BNB not only has various uses within the Binance exchange but also provides earnings for holders through staking, liquidity mining, new coin mining, and other methods.