$BNB 1. Exchange Utility Token
BNB was originally created to provide trading fee discounts on Binance Exchange. Users pay lower fees when using BNB, which incentivizes adoption and creates consistent demand directly tied to one of the world’s largest crypto exchanges.
2. Gas and Transaction Fees on BNB Chain
BNB powers transactions, smart contracts, and dApps on BNB Chain. It is used as gas for executing operations, similar to how ETH functions on Ethereum, giving the token functional utility beyond exchange discounts.
3. Staking and Earning Rewards
BNB can be staked within the Binance ecosystem or BNB Chain dApps to earn rewards. This incentivizes holding, secures network functions, and encourages long-term engagement from users and investors.
4. Launchpad Participation
BNB is widely used to participate in token launches on Binance Launchpad. Holding BNB allows users to access early-stage projects, creating demand and positioning the token as a gateway to new crypto opportunities.
5. Payment and Merchant Adoption
BNB is increasingly being accepted for payments, both online and in physical stores, as Binance partners integrate BNB as a payment option. This expands the token’s utility in real-world transactions.
6. Governance and Ecosystem Development
BNB holders can participate in governance decisions on BNB Chain and influence proposals for upgrades, fee structures, and network incentives. This adds a layer of decentralized decision-making while reinforcing BNB’s role in the ecosystem.
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