Devil9
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What is Binance’s native token (BNB) used for?
BNB is the native token of the Binance ecosystem and it plays a practical role rather than just being a tradable asset. Users commonly use BNB to pay trading fees on Binance at a discounted rate, which makes frequent trading more cost-efficient. Beyond trading, BNB is also used for transaction fees on BNB Chain, participation in token launches, staking, and payments within various Binance services. Over time, BNB has evolved from a simple utility token into a core component that connects exchanges, wallets, and on-chain applications under one ecosystem.
BNB is the native token of the Binance ecosystem and it plays a practical role rather than just being a tradable asset. Users commonly use BNB to pay trading fees on Binance at a discounted rate, which makes frequent trading more cost-efficient. Beyond trading, BNB is also used for transaction fees on BNB Chain, participation in token launches, staking, and payments within various Binance services. Over time, BNB has evolved from a simple utility token into a core component that connects exchanges, wallets, and on-chain applications under one ecosystem.
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