BINANCE COIN (BNB)
Binance Coin (BNB) is the own cryptocurrency of the world's largest cryptocurrency exchange - Binance. The advantage of using it is that the Binance exchange provides a discount on trading fees if you pay in BNB, and an additional discount on the base fee if you have BNB tokens. The BNB is meant to support the operation of the stock exchange, it can also be used to compensate for transfer costs, trading or listing fees.
Initially, 200 million BNB tokens were issued, which will continue to decrease due to coin burning until it reaches 100 million. The purpose of coin burning is to remove some of the tokens in circulation from the market at specific intervals, i.e. to destroy them. This also has a positive effect on its exchange rate.
The BNB also holds its own as a means of payment, which can also provide discounts to the merchant, based on the above.
Another significant advantage is that the stock exchange also provides discounts on a referral basis. The purpose of Binance's rewards program is to benefit both the party participating in the program and the users it joins. If someone has a Binance account and invites a friend to 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's no wonder that BNB has risen 140% in a year and is starting to break away from the price of bitcoin (BTC).