BNB Coin (short for Binance Coin) is the official digital currency of the Binance platform, which is one of the largest cryptocurrency trading platforms in the world.
The main uses of BNB:
Reducing trading fees on the Binance platform when used for payment.
Investing in new projects through the launch platform (Launchpad).
Paying for services, such as booking hotels or purchasing gift cards (through Binance partners).
Used in the BNB Smart Chain network to pay transaction fees and run smart contracts and decentralized applications (DApps).
Features of BNB:
A strong coin linked to a massive platform.
It has a quarterly burn mechanism to reduce supply and increase scarcity.
Used in the field of decentralized finance (DeFi).
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