#BinanceTurns8 O BNB, also known as Binance Coin, is a crypto asset used on the Binance exchange platform. It was created to facilitate transactions within the platform itself, such as payment of trading fees and participation in token sales.

*Main Features:*

- *Fee Discounts*: BNB offers discounts on transaction fees, making it an attractive option for Binance users.

- *Payment*: It can be used as a means of payment in establishments that accept cryptocurrencies.

- *Investment*: It is possible to invest in ICO (Initial Coin Offering) projects with BNB.

- *Staking*: Users can stake BNB to earn passive income.

*Advantages:*

- *Reduced Fees*: Using BNB lowers transaction fees on Binance.

- *Access to Exclusive Offers*: Users can participate in exclusive offers, such as initial coin launches.

- *Liquidity*: BNB increases liquidity in cryptocurrency markets.

*Usage and Applications:*

- *Cryptocurrency Trading*: BNB can be used to trade other cryptocurrencies on Binance.

- *Online Payments*: It can be used in online and physical stores that accept cryptocurrencies.

- *Online Gaming*: BNB can be used on online gaming platforms to acquire items or participate in competitions.

The price of BNB is influenced by factors such as supply and demand, macroeconomic events, and mass adoption of the Binance platform.¹