What are the uses for Binance Coin (BNB)?

Use of Binance Coin (BNB)

Binance Coin (BNB) is a native token issued by the Binance cryptocurrency exchange. Has a wide range of uses in the cryptocurrency market.

Transaction Fee Deduction:
One of the main uses of BNB is to pay for trading fees on the Binance exchange. Pay trading fees with BNB and enjoy discounts of up to 25%, reducing trading costs.

Participate in Binance Launchpad:
Binance Launchpad is a token issuance platform that allows users to invest in new cryptocurrency projects before they go public. Users holding BNB are eligible to participate in the Launchpad token sale and gain access to early investment opportunities.

Staking Earnings:
Users can earn interest by staking BNB in ​​Binance Launchpool. The annual interest rate of staking income varies according to market conditions.

Using BNB Chain:
BNB is the native token of BNB Chain and is used to pay transaction fees, stake to verify blocks and participate in governance. BNB Chain is a high-performance blockchain developed by Binance that supports a wide range of decentralized applications (dApps).

Ecosystem Applications:
BNB is also used in Binance’s various ecosystem applications, such as Binance DEX, Binance Smart Chain Wallet, and the Travel Platform. Holding BNB gives you access to exclusive discounts and offers on these services.

Investing and Trading:
In addition to its utility, BNB is also a popular asset for investing and trading. Its price fluctuates with the cryptocurrency market, providing traders with potential profit opportunities.

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