#whrite2earn #
Binance Coin (BNB) is the original token of the Binance platform, launched in 2017. BNB was initially used as a means to pay reduced trading fees on the Binance exchange but has since become a key token in the Binance ecosystem and the decentralized BNB Chain (formerly Binance Smart Chain).
Here are some main facts and functions of BNB:
Fee Reduction: Users who pay trading fees with BNB receive discounts — up to 25% on spot and margin trading, and up to 10% on futures trading.
Payments and Transactions: BNB is used to pay transaction fees and for smart contracts within the BNB Chain.
Governance Participation: BNB holders can participate in decisions about upgrades and changes to the BNB Chain.
Token Burn: Binance quarterly uses part of its profits to buy back and permanently