BNB, or Binance Coin, is a cryptocurrency that powers the BNB Chain ecosystem. It's used for various purposes, including ¹ ²:

- *Reduced Trading Fees*: Paying trading fees on Binance Exchange with BNB gives users a special discount.

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

- *Payments*: BNB can be used for online and in-store purchases through Binance Card or Binance Pay.

- *Travel Bookings*: Users can book hotels, flights, and more on (link unavailable) using BNB.

- *Community Utility Token*: BNB serves as a utility token for various applications within the BNB Chain ecosystem, such as games and decentralized applications (DApps).

- *Token Sales*: Users can participate in token sales hosted on the Binance Launchpad platform using BNB.

- *Liquidity Provision*: BNB can be used to provide liquidity on the Binance Liquid Swap platform.

BNB has three forms ²:

- *BNB BEP-2*: The native coin of the BNB Beacon Chain.

- *BNB BEP-20*: Used on the BNB Smart Chain for creating and operating DApps.

- *BNB ERC-20*: The original BNB tokens issued on the Ethereum network.

The current price of BNB is around $661.47, with a 1.0% increase in the last 24 hours. The market capitalization of BNB is approximately $96.5 billion ³. #binanceturns8warmup #HODLTradingStrategy