$BNB BNB is a cryptocurrency issued by Binance, officially known as Binance Coin. Its functions and application scenarios are quite diverse. Here is the core information:

Main Uses

- Trading Fee Discount: When trading on the Binance platform, using BNB to pay for fees can enjoy a certain discount (the discount rate may be adjusted at different periods).

- Ecosystem Applications: Can be used in various ecosystem scenarios under Binance, such as asset issuance and trading on Binance Chain, as well as smart contract interactions and DeFi applications on Binance Smart Chain (BSC).

- Investment and Speculation: As a type of cryptocurrency, BNB can be traded on the secondary market, with its price influenced by market supply and demand, industry dynamics, and other factors, resulting in volatility risk.

Key Features

- The initial total issuance is limited, and Binance will regularly buy back and destroy some BNB to reduce circulation.

- Based on