3 reasons that make Binance the best crypto platform in the world
1️⃣. Multiple utility in the Binance ecosystem
- 🔥Trading fee discounts🔥: Using $BNB BNB to pay fees on Binance offers discounts (up to 25% at launch, now 25% using BNB).
- 🔥Participation in #Launchpool launchpads🔥: Allows investment in new crypto projects via Binance Launchpad.
- 🔥Payments and services🔥: Accepted for travel, booking hotels (via TravelbyBit), or paying for services (like Crypto.com and other partners).
2️⃣. Deflationary economy (periodic burning)
- 🔥Binance regularly destroys (burns) BNB to reduce total supply, which can support the price in the long term.
- The 🔥automatic burning🔥 (since 2021) adjusts the amount based on price and volumes.
3️⃣3. The blockchain $BNB
BNB Smart Chain (BSC) – Fast and inexpensive
- 🔥Low transaction fees 🔥: Much cheaper than Ethereum (ideal for swaps and DeFi).
- 🔥 EVM compatibility: Allows the execution of smart contracts like Ethereum, attracting developers.
- 🔥 DeFi & NFTs popularity🔥: PancakeSwap, Venus, and other DApps dominate on BSC.