$BNB Deep Utility vs. Decentralization:

$BNB is superior to many of its competitors in terms of direct utility (discounts, Launchpad) that generate forced demand. However, it loses the battle of decentralization against $ETH and is often criticized for the centrality of BNB Chain.

Risk vs. Reward:

Investing in $BNB is essentially a bet on the longevity and continued operational success of Binance. If the company successfully navigates the regulatory landscape, the demand linked to its ecosystem will position it well against the scarcity generated by token burns.