BNB (Binance Coin) is much more than a cryptocurrency from an exchange. While its main use gives you discounts on trading fees on Binance, it is also essential for paying gas fees on the BNB Chain, the network where many decentralized applications (dApps) and games operate.
In addition, you can use BNB to:
* Participate in new projects on Binance Launchpad and Launchpool.
* Make online payments at some merchants and travel platforms.
* Generate passive income through staking.
* Buy and sell NFTs.
* Even as collateral for cryptocurrency loans.
It is a versatile tool within the crypto ecosystem, but always remember that its value is volatile and closely tied to Binance, so it is important to research well before using it.
