Binance Coin (BNB) Overview

🪙 Coin Name: Binance Coin

🔤 Ticker Symbol: BNB

🏢 Created By: Binance (World's largest crypto exchange)

🗓️ Launched In: 2017

🔗 Current Blockchain: BNB Chain (Originally on Ethereum as ERC-20)

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BNB Use Cases

💸 Trading Fee Discounts – Get up to 25% off trading fees on Binance.

🚀 Token Sales – Participate in Launchpad events (new crypto launches).

🧾 Pay for Services – Flights, hotels, gift cards, and more via Binance Pay & partners.

🌐 DeFi & dApps – Used for staking, lending, liquidity mining, and gas fees on BNB Chain.

🎮 NFTs & Gaming – Accepted in Binance NFT marketplace and games.

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BNB Tokenomics

🔥 BNB Burn: Binance destroys (burns) a portion of BNB every quarter to reduce supply and support price.

🔐 Consensus Model: Proof-of-Staked Authority (PoSA)

⚡ Speed: Fast transactions with low fees compared to Ethereum.

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BNB in 2025 (April Update)

📈 Current Price (approx): $579.55 USD

📊 Trend: Slight upward movement (currently in profit).

🏆 Market Rank: In the Top 5 cryptocurrencies by market cap.

✨ Future Potential: Strong growth tied to Binance’s continued dominance and expanding ecosystem.