Binance Coin (BNB) is the proprietary cryptocurrency of Binance, the world's largest cryptocurrency exchange. The advantage of using it is that the Binance exchange offers a trading fee discount if you pay in BNB, and an additional discount on the base fee if you have a BNB token. The BNB is the is intended to support the operation of the exchange, but can also be used to settle transfer costs, search or listing fees. Initially, 200 million BNB tokens were issued: this amount will decrease steadily until it reaches 100 million, thanks to coin burning. The coin-burning process consists of withdrawing a proportion of the tokens in circulation from the market at fixed intervals, i.e. destroying them. This in turn has a positive effect on the exchange rate. The BNB also has its place as a means of payment, offering the trader the same benefits as those listed above. Another significant advantage is that the exchange also offers discounts on a referral basis. Binance's rewards program is designed to benefit both the participant and the users who join the program. If someone has a Binance account and invites a friend to join the system using a referral ID/link, they will receive a 20% bonus by default, in the form of 20% of the trading fee paid by the invited friend. Referral code: S1L08IBB

It is no wonder that the BNB has risen 140% in a year and is starting to move further away from bitcoin (BTC).