Understanding BNB is Understanding the Myth MUA
What you don't know about BNB: from trading discounts to the cornerstone of the ecosystem
In the summer of 2017, a cryptocurrency named BNB quietly emerged. Who would have thought it would grow step by step to become the backbone of the Binance ecosystem?
Initially, it was just to help everyone save on trading fees on the Binance platform, but in just a few short years, it has already broken through its original boundaries. Now you can use it to pay transaction fees on Binance DEX, issue new tokens, and also to send cancellation orders and transfer assets.
Not just on-chain, the capabilities of BNB have long extended to more places. Enjoy trading discounts on Binance.com, use it to pay for third-party services, and holding BNB can also grant you participation rights in projects, seizing opportunities for new coins on Binance Launchpad.