$BNB
is part of a decentralized system managed by the community through the BNB Chain blockchain
It has many unique uses both inside and outside the Binance platform ecosystem.
BNB is the native digital currency that powers the BNB Chain ecosystem, including the BNB Beacon Chain and BNB Smart Chain. BNB serves multiple functions, such as reducing trading fees on the Binance platform, paying transaction fees on both the BNB Beacon Chain and BNB Smart Chain, as well as being used in games and decentralized applications within the BNB Chain ecosystem. It is also used to participate in token sales hosted on the Binance Launchpad and to provide liquidity on the Binance Liquid Swap platform. You can earn passive income from BNB on Binance through: flexible or locked staking.
Additionally, BNB can be used in practical applications, including online and in-store purchases, and travel bookings on platforms like Travala.com.
In short, the BNB coin has diverse uses that make it an essential part of the cryptocurrency ecosystem as a whole.