The value of BNB is decreasing, and the empowerment is getting less

As a platform token: Used on the Binance exchange to pay trading fees (with discounts), participate in Launchpad (basically 0), etc.

As on-chain fuel: Used as the gas fee for Binance Smart Chain (BSC) to pay for smart contract execution and transaction confirmation fees.

Deflationary mechanism:

The total supply of BNB is fixed at 200 million tokens.

Binance will use 20% of its profits each quarter to repurchase and destroy BNB until the total supply is reduced to 100 million tokens. This "destruction" mechanism aims to maintain the long-term stability or increase of the token's value by reducing the supply.

In addition to trading and gas fees, BNB is also widely used in travel bookings, payments, entertainment (such as purchasing virtual gifts), and the DeFi (decentralized finance) space. From an investment perspective, these areas are somewhat unattractive.

Support level: Approximately 859 - 883 (a line of defense during downturns).

Resistance level: Approximately 910 - $918 (pressure during upward movements)

Personal feelings: Binance is overall in a state of chaos, with unclear strategies and no focus. I hope to empower BNB more so that holders can feel a sense of gain 🙏