![New](https://s3.tradingview.com/news/image/coindar:b0babcfa1094b-679656f355e023f63bd66d7b72f17ee7-resized.jpeg)
Binance Coin has announced a new taker fee promotion for altcoin spot and margin trading pairs which will start from May 21st.
Refer to the official tweet by BNB:
BNB Info
BNB isĀ the native coin that powers the BNB Chain ecosystem, including the BNB Beacon Chain and BNB Smart Chain. ItĀ serves several functions, such asĀ reducing trading fees onĀ the Binance exchange, paying for transaction fees onĀ both the BNB Beacon Chain and BNB Smart Chain, and being utilized inĀ games and DApps within the BNB Chain ecosystem. Itās also employed toĀ participate inĀ token sales hosted onĀ the Binance Launchpad and provide liquidity onĀ Binance Liquid Swap. Furthermore, BNB can beĀ used for real-world applications, including online and in-store purchases and travel bookings onĀ platforms like Travala.com.
AsĀ ofĀ September 2020, with the launch ofĀ the BNB Smart Chain, BNB can exist inĀ three forms: BNB BEP-2Ā on the BNB Beacon Chain, BNB BEP-20Ā on the BNB Smart Chain, and BNB ERC-20Ā on the Ethereum network.