![]() ![]() There's nothing better than enjoying your crypto gains with a lovely holiday paid for with Binance Coin. With, you can buy flights, pay for your hotel, and even rent a car with BNB. Borrow BTC, ETH, BUSD, USDT, and more, and choose a loan term ranging from 7 to 180 days. Use BNB as collateral and get fast access to a simple and straightforward crypto loan with no hidden fees or costs. You can pay with BNB at over 40 million merchants worldwide. ![]() With Binance Earn, you can use your BNB to purchase multiple, separate products such as Staking, Launchpool, BNB Vault, or Liquid Swap.īinance Card is a crypto-powered Visa debit card allowing you to use BNB to pay for your shopping, bills, mortgage, and pretty much anything you want. If you're a trader, operate trading bots, or run a crypto business, you can save thousands of dollars on fees by using BNB. You can currently use BNB to pay for your trading fees on and Binance DEX with a 25% discount (which reduces over time). You can use it in DeFi, liquidity pools, DEX trading, or as a payment for NFT marketplaces. BSC further elevates BNB to a proof of stake token for the new Proof of Staked Authority (PoSA) consensus powered by validators and delegators.īNB powers hundreds of projects running on the BNB Smart Chain. They all continue to find strong use cases and attract new audiences to BNB.īoth the BNB Beacon Chain and BNB Smart Chain blockchains use BNB as gas for transaction fees. These external contributors are becoming significant players, including merchant payment companies, travel booking platforms, in-game rewards offerers, and virtual gift providers. As the ecosystem has matured with decentralized applications and use cases, so too has the adoption of BNB.Ī large, diverse BSC and DeFi community developing new projects has become the token’s principal advocate. There is no single reason why users hold BNB, and many likely have BNB for reasons that vary.īNB Chain has shown to be hugely popular with developers and users alike. BNB is also available for use as collateral for crypto loans. Millions of customers use BNB for trading and transaction fees and much more. Here it has a place as the network’s native token and also powers the recently launched BNB Smart Chain. ![]() ![]() Deployed initially on Ethereum as an ERC-20 token, BNB has since migrated to its new home: BNB Chain. These cases aren’t just limited to the Binance ecosystem either. We are now dealing with a token with its own native blockchain and a vast range of use cases. BNB’s simple purpose of paying discounted Binance trading fees was only the beginning. What started as a simple utility token has evolved into something much more complex. How did BNB get to where it is now, from not even being in the top five just two months ago? March 2021 saw over 84 million alone, and the upward trend looks to grow. There is a long journey ahead indeed, but let’s look at the journey so far.įrom paying Binance trading fees through to sending tokens on BSC, the amount of BNB transactions has continuously ris en. To reach ETH’s position, BNB needs to multiply its market cap five times to reach BTC, it needs to grow twenty times. It follows Ethereum in second place and Bitcoin in first. In this article, we'll explore BNB’s rise to the top, its utility and use cases, and a comparison of BNB to other top-ranking cryptocurrencies.īNB holds the third-largest cryptocurrency position by market cap at the time of writing at over $42 billion (USD). The initial price during the ICO was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB, which, at the time, equaled roughly $0.15 per 1 BNB. Paying transaction fees in BNB offers users a significant discount. BNB was immediately usable as payment for transaction fees on the new cryptocurrency exchange,, launched just 11 days after the ICO. It initially found its way to the crypto market through an Initial Coin Offering (ICO) taking place from June 26 to July 3, 2017. ![]()
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