The BNB (Binance Coin) is the digital currency of the Binance platform
Quick information about BNB:
Symbol: BNB
Origin: Issued by Binance in 2017.
Blockchain: Initially on the Ethereum network (ERC-20), but now on its own BNB Chain (formerly Binance Smart Chain + Binance Chain).
Uses:
Discounts on trading fees within Binance.
Paying transfer fees on the BNB Chain network.
Can be used in decentralized finance (DeFi), such as lending and yield farming.
Payment in some stores and websites that accept cryptocurrencies.
Participation in Binance's Launchpad and Launchpool projects.
Features of BNB:
Low fees when used for trading within Binance.
A portion of the coin is periodically "burned," reducing supply and increasing value in the long term.
It has a large ecosystem due to Binance's expansion into blockchain projects
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