BNB shortfor Binance Coin, is a cryptocurrency
created by Binance,
One of the Ethereum blockchain a
an ERC-20 token,
but later moved to
It's own blockchain called BNB Chain
(formerly Binance Smart Chain).
Key Users of BNB :
1 . Trading Fee Discounts: Binance users
can BNB to pay for trading fees at a discount.
2. Payment Method: BNB is accepted
by many vendors as a form of payment.
3. DeFi & Staking: Users can stake B
to earn rewards or use it in
Decentralized finance (DeFi) applications.
4. Token Lunches: BNB is often used in Binance
Lunchpad to in new crypto projects.
Supply & Value:
BNB has a limited supply -------- Originally
200 million coins and Binance performs
regular coin burns to reduce the supply,
increasing scarcity and potentially value over time.
Security:
BNB is supported by robust blockchain
with smart contact functionality,. Making it suitable for
developers and users.
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