Tushar JainManaging Partner at Multicoin Capital Source
BNB’s value is driven by more than the cash being returned to investors by Binance. BNB has tremendous utility and is used as:
- Staking token – Users who hold a significant amount of BNB get discounted fees on the exchange according to a set schedule
- Discount token – users who pay their exchange fees with BNB get a discount
- Payment token – trading fees on the Binance Chain can be paid with BNB
