$BNB

Binance Coin (BNB) is a cryptocurrency that powers the BNB Chain ecosystem, supporting transactions on the BNB Smart Chain and other platforms. It's used for various purposes, including ¹ ²:

- *Reduced Trading Fees*: BNB holders enjoy discounted trading fees on the Binance Exchange, with a 25% discount.

- *Transaction Fees*: BNB is used to pay for transaction fees on the BNB Beacon Chain and BNB Smart Chain.

- *Governance Token*: BNB serves as a governance token, allowing holders to participate in the BNB Chain's decentralized on-chain governance.

- *Payments*: BNB can be used for online and in-store purchases, travel bookings, and charitable donations.

The current price of BNB is around $764.38, with a market capitalization of $106 billion ¹.