BNB is the utility token of Binance and the native token of Binance Smart Chain.
BNB coin is used for
- Pay fees on Binance Smart Chain
- Incentives on Binance
- Discounts on trading fees
How could value accrue to the BNB?
- To use and send transactions on BSC
- Discounts and perks on Binance
- Binance burns BNB every quarter.
What is Binance?
Binance is currently one of the largest cryptocurrency exchanges. It launched with an ICO in 2017.
In addition to a traditional exchange it features several products for interacting with DeFi in a user-friendly way.
With Binance as an intermediary users can
It also features crypto Visa card, NFT platform and more.
BNB on Binance
- 40% – referral fees
- 25% – Spot fees
- 25% – Margin fees
- 10% – Future trading fees
- Launchpad entry
- Merchant discounts
Users can stake BNB via Binance to earn rewards.
What is Binance Smart chain?
Binance Smart Chain uses the Ethereum Virtual Machine is similar to Ethereum as a blockchain. It has lower fees and is more centralized – in simple terms.
Presale: $0.1 BNB ICO