$BNB

Main Use Cases of BNB

1. Trading Fee Discounts on Binance

Users can pay trading fees on the Binance exchange using BNB and get a discount (though this discount has decreased over time as part of a phased reduction).

2. Gas Fees on BNB Chain

BNB is used to pay gas (transaction) fees on the BNB Smart Chain (BSC), similar to how ETH is used on Ethereum.

3. Token Launches (Launchpad)

BNB is required to participate in Binance Launchpad events where users can invest in new tokens/projects before they hit the market.

4. Staking and Yield Farming

Users can stake BNB or use it in DeFi apps (like PancakeSwap) for yield farming, lending, and liquidity provision.

5. Cross-border Payments

Some crypto payment gateways and platforms accept BNB for global payments.

6. Loans and Collateral

BNB can be used as collateral to take crypto loans on Binance and other DeFi platforms.

7. NFT Ecosystem

BNB is used in Binance’s NFT marketplace to buy, sell, or mint NFTs.

8. Burning Mechanism (Deflationary Model)

Binance regularly burns (destroys) a portion of BNB supply to reduce total supply and maintain value, which can be beneficial for long-term holders.

9. Real-world Payments

Some merchants and platforms (e.g., Travala.com for travel bookings) accept BNB for real-world services.