What is Binance Coin (BNB)?
Binance Coin (BNB) is a cryptocurrency created by the Binance exchange.
It was launched in 2017 and is used to pay for fees on the Binance exchange. BNB can also be used to purchase goods and services from merchants that accept it as payment. The main purpose of BNB is to provide users with a discount when paying for fees on the Binance exchange.
When users pay for fees using BNB, they receive a 50% discount on their trading fees. This discount decreases over time, but it is still significant enough to make it an attractive option for traders. In addition to being used as a payment method on the Binance exchange, BNB can also be used to purchase goods and services from merchants that accept it as payment.
This makes it an attractive option for those looking to purchase items online without having to use traditional payment methods such as credit cards or bank transfers. Finally, BNB can also be used as an investment asset. It has seen significant growth since its launch in 2017 and continues to be one of the most popular cryptocurrencies in the world today.
As such, many investors view it as a potential long-term investment opportunity due to its potential for future growth and appreciation in value over time.
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