Binance Coin ($BNB ) : Utilities and Benefits
Binance Coin ($BNB ), created in 2017, is the native token of the Binance ecosystem, the largest cryptocurrency exchange platform in the world. Initially an ERC-20 token on Ethereum, BNB is now on the BNB Chain, with a supply limited to 200 million, progressively reduced by quarterly burns aiming for 100 million.
Utilities :
BNB is a versatile utility token. On Binance, it allows for up to a 25% reduction in trading fees. It is used to pay transaction fees on the BNB Chain and opBNB, fuels DeFi applications (e.g., PancakeSwap$CAKE ) and NFTs. BNB is used to participate in token sales on Binance Launchpad, airdrops via Binance Simple Earn, and staking to secure the network while generating rewards. Off-platform, BNB is accepted for payments (travel via Travala #AVA , services like Canva) and integrated into the Binance Card for daily purchases.
Benefits :
Savings : Discounts on fees and cashback via the Binance Card.
Deflation : Quarterly burns increase scarcity, supporting value.
Robust ecosystem : Integration in DeFi, NFTs, and governance.
Accessibility : High liquidity and global adoption.
BNB is a pillar of the Binance ecosystem, combining utility and investment potential.