$BNB
BNB, or Binance Coin, is quite popular in the cryptocurrency world, and that's thanks to several distinct benefits it offers.
Firstly, being the main coin of the Binance platform means that if you hold BNB, you can get good deals, like saving up to 25% on your trading fees. This can add up to significant cost reductions if you trade often.
But BNB isn't just about discounts. It's also really useful in various ways. You need BNB to cover transaction costs on the BNB Chain (which is important for decentralized finance, or DeFi). Plus, you can use BNB for everyday things like paying for trips or shopping, making its real-world value grow.
Binance also has a unique strategy where they use some of their profits to buy back BNB from the market and permanently remove it (called burning). They do this regularly, which helps reduce the total number of BNB coins available over time, potentially helping to support its price in the long run by making it scarcer.
Furthermore, BNB is easy to deal with because it's widely available and traded a lot. You can find it on over 200 different trading platforms globally, and with a daily trading volume often over $1 billion, buying or selling large amounts is generally much easier than with many smaller tokens.
Holding BNB can also give you access to other perks, such as getting new tokens for free through programs like Launch pool or easily turning your crypto into regular money you can spend using something like the Binance Card.
As the Binance ecosystem and the world of Web3 continue to expand, BNB's position as a key asset for trading, investing, and practical use is likely to become even more significant, giving it both current utility and future potential.