Why buy BNB?
1) BNB launched via ICO in June 2017 as an ERC-20 token on the Ethereum network. It was a payment method and a way for traders to get discounts on Binance. In the three years since, BNB has added new powers and benefits—at least 30 of them—across payments, travel, entertainment and trade.
2) You can even get funding in BNB for a project of your own on the Binance Launchpad. There’s a certain poetry to a coin that was launched via ICO being used to fund the coin offerings for other projects. Innovation encouraging innovation.
3) Since its launch in 2017, BNB’s value has appreciated by 44%. This has been accompanied by a steady downtrend in volatility as more users have begun to invest.
4) BNB has also migrated from Ethereum to a chain of its own – the Binance Chain. BNB’s home chain is optimized for ultra-fast trading, but is limited from a programmability standpoint. The Binance Smart Chain looks to complement that speed, while boosting its functionality.
BNB as a utility token
1) BNB is used as a payment method, a utility token to pay for fees on the Binance exchange, and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange).
2) BNB has also migrated from Ethereum to a chain of its own – the Binance Chain. BNB’s home chain is optimized for ultra-fast trading, but is limited from a programmability standpoint. The Binance Smart Chain looks to complement that speed, while boosting its functionality.
3) Since its launch in 2017, BNB’s value has appreciated by 44%. This has been accompanied by a steady downtrend in volatility as more users have begun to invest.