Understand the Role of BNB in One Article$BNB

A summary of the functions of Binance's platform token BNB and the benefits of holding BNB is provided below:

1. Trading Fee Discount: Users holding BNB can enjoy a discount of up to 25% when paying trading fees on the Binance platform. This not only reduces users' trading costs but also promotes the circulation and use of BNB.

2. Participation in IEO (Initial Exchange Offering): BNB can be used to participate in IEOs on the Binance platform, providing investors with more investment opportunities.

3. Applications in the DeFi Field: The application scenarios of BNB have expanded to the DeFi field, where users can earn returns by staking BNB on different DeFi platforms.

4. NFT Market: BNB plays an important role in the NFT market, with Binance's launched NFT market allowing users to buy and trade digital artworks and collectibles using BNB.

5. Payment Function: More and more merchants and platforms accept BNB as a means of payment, enhancing the practical value of BNB.

6. Annualized Returns of BNB Launchpool: According to historical data, the annualized return rate of BNB is about 9.5% in bear markets and is expected to be higher in bull markets.

7. Binance Earn: BNB supports multiple investment and financial services within the Binance ecosystem, such as the Binance Earn platform that offers various cryptocurrency staking and yield options.

8. Governance Capability: BNB holders can participate in governance decisions of the Binance Smart Chain, influencing the development and adjustment of network parameters.

9. BNB Burn Mechanism: Binance uses part of its profits to buy back and burn BNB tokens, reducing the total supply with the aim of increasing scarcity and value.

10. BNB Yield Pool: The sources of rewards for the BNB yield pool include staking lending, new coin mining, HODLer airdrops, and Binance's marketing budget, providing users with additional yields.

Holding BNB not only allows users to enjoy trading fee discounts, participate in new project launches, and earn from DeFi and NFT markets, but also provides additional rewards through the BNB yield pool and participation in the governance of the Binance Smart Chain. These functions and sources of income make BNB an indispensable part of the Binance ecosystem, providing holders with diversified revenue channels.