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"BNB is the fuel in Binance's engine,” He-Yi, Binance co-founder explained to Forbes. “It is well known that our users can reduce trading fees by using BNB.

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he token is also used for Binance’s 'LaunchPad', another product aimed at helping startups raise capital on their platform. But all of these utilities again boost the benefit of BNB, and essentially, make it much more of a valuable and useful coin than a discount coupon.

Now, not only does it help reduce the trade fees, it also being used as a voting token for what has been dubbed 'Community Coin of The Month', an idea came about from the suggestion of a Binance community member in the official Slack channel, and is a voting system using the BNB for new coins to be listed.

Binance has also become renowned for accepting and onboarding new cryptocurrencies at a rapid rate.

Technical side, Binance has the ability to handle 1.4 million orders per second, combined with its ability to host 20 million users, and multilingual support, the exchange has huge capacity when it comes to taking on more users without slowing or stalling.

But it's only through BNB that we've built such a strong community, and this is the secret of Binance's growth.”

Bianace got off to a good start with a successful ICO on its BNB token, but it also has done a few innovative and important things as a major exchange that has helped its growth exceed expectations.

It has also moved its base of operations to the cryptocurrency friendly island of Malta in order to benefit from beneficial regulations and laws for the nascent blockchain technology.

“BNB is accepted as payment at various merchants through POS systems (eg. Pundi X, TravelbyBit), and for goods and services through Crypto.com – to name a few.