Binance's utility token: the cryptocurrency BNB created in 2017 comes straight out of the unstoppable Binance platform, founded by Changpeng Zhao. After practicing at the Tokyo Stock Exchange, the New York Stock Exchange and even Bloomberg, CZ as he is nicknamed, dives 100% into digital currencies after discovering Bitcoin in 2013. The platform he created is a major player in crypto asset platforms. It allows to exchange digital currencies and to keep them. It also offers many services via as a marketplace of NFTs, a bank card to get cashback in BNB, lending, stacking, farming and many other ing that bloom regularly at the pace of innovations on the platform. Binance has created its own blockchain in 2019, the Binance Chain. The platform has also created another blockchain under the name of Binance Smart Chain (BSC) whose objective is to be compatible with Ethereum and thus allow interoperability between the two blockchains but also to integrate smart-contracts. Binance aims to be a clean and functional interface with extremely low transaction fees.
From the Binance Academy to learn more about digital currencies, to the Binance Charity which raises funds for philanthropic purposes, to the Binance Launchpad for Initial Exchange Offerings (IEOs), to the Binance Research providing advanced analysis on blockchains and finally to the Binance Cloud which allows the creation of exchanges for partners, Binance has what it takes to seduce a large number of investors.
Its token "BNB" allows to pay for the above mentioned goods and services, to obtain passive income, to pay transaction fees on the Binance Smart Chain, to request cryptocurrency loans or to participate in exclusive cryptocurrency sales. It also allows, thanks to its holding, to reduce trading fees or to increase the cashback percentage via the Binance Visa bank card.