on #bnb #bnbstake #Write2Earn

$BNB is currently trading at $323 per coin right now but despite the price today we will discuss the major fundamental reasons why you should have BNB in your crypto portfolio and the benefits you can get being an holder.

There are several reasons why you should consider having Binance Coin (BNB) in your portfolio. Here are a few:
1. Backed by a reputable exchange:
BNB is the native cryptocurrency of Binance, one of the largest and most reputable cryptocurrency exchanges in the world by daily active users and by trading volume as well. It benefits from the credibility and trust associated with the Binance brand.
2. Transaction fee discounts:
Binance offers discounted trading fees for users who hold BNB in their accounts.

All User Funds are Safe, BNB Holders will Continue to Enjoy a 25% Trading Fee Discount on CommEX | Binance.

This incentive encourages more people to use and hold BNB, driving its demand and potential value. But i would not suggest to use this feature as it will reduce the amount of #BNB you have. The more you open and close your trade the more you BNB coins will be deducted so make sure you disable that option.

3. Token burn mechanism
Binance periodically buys back and burns a portion of BNB tokens from the market, reducing the total supply. This scarcity model can potentially increase the value of BNB over time.
Simple math it is
More demand + Less supply = Price increase
As of now based on the data Binance has burned 52 million BNB coins which is a huge amount.

4. Utility within the Binance ecosystem
BNB has various use cases within the Binance ecosystem. It can be used to pay for trading fees, participate in token sales on Binance Launchpad, and even book hotels through Binance's travel partner, among other applications. The growing utility and adoption of BNB could increase its value.
Binance Launchpad
This is one of the key benefit that BNB holders can take. Get free new coins by just staking your BNB.

Bnb holders can participate in binance launchpad coins by just staking their coins for few days and they will receive those coins for free. The most recent examples we have is $XAI , MANTA , ALT and now BNB holders can participate in #Pixels launchpad. So it's a free money that bnb holders can get.

5. Decentralized finance (DeFi) platform
BNB has expanded beyond just being an exchange token. Binance has ventured into the DeFi space with the launch of Binance Smart Chain (BSC), allowing for the creation of decentralized applications (DApps) and smart contracts. BNB can be used as gas fees within the BSC ecosystem, potentially driving its demand.

6. Strong partnerships and collaborations
Binance has formed strategic partnerships with various companies and projects, expanding the use cases and adoption of BNB. Collaborations with platforms like Travala, CoinFlip, and Swipe enable users to use BNB for travel bookings, ATMs, debit cards, and more.

I hope you learned something from this research article and rememver that as with any investment, it is important to conduct thorough research and consider your own risk tolerance and investment goals before adding any cryptocurrency, including BNB, to your portfolio.

Make sure you give your valuable feedback.