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#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_6ZBZP
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$BNB BNB (formerly known as binance coin) is the native digital asset of BNB Chain, a blockchain ecosystem with a wide range of use cases. BNB is a utility token, in that it is used in many different functions of BNB chain, which consists of the blockchains BNB Smart Chain, BNB Greenfield and opBNB.BNB is the native token in the BNB Chain ecosystem, which includes BNB Smart Chain (BSC) and BNB Beacon Chain. On BNB Smart Chain, BNB is used to pay for transaction fees and to participate in the network's consensus mechanism.Binance Coin (BNB) is a multi-functional cryptocurrency that powers the Binance ecosystem, supporting discounted trading fees, governance, and decentralised applications.
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#BSCProjectSpotlight BSC Project Spotlight is an initiative by Binance Smart Chain (BSC) to highlight innovative projects within its ecosystem. It showcases emerging DeFi, GameFi, NFT, and Web3 projects, offering them exposure to the Binance community.BNB Smart Chain (BSC) is a blockchain network developed by Binance. Binance is one of the largest cryptocurrency exchanges in the world. Launched in September 2020, BSC runs parallel to the Binance Chain, which was primarily designed for trading and transferring tokens.The BSC company changed the token's name to Build'N'Build. At that time, Binance Smart Chain was also renamed to BNB Chain. BNB Chain had previously been criticized for being overly centralized, which had led to several exploits on the network.
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#BinanceEarnYieldArena Binance Earn functions as a financial hub within the Binance platform, offering various ways to earn returns on cryptocurrency. Users can choose from a range of products like fixed or flexible savings, staking, liquidity farming, and other specialized investment options.Binance's EARN functionality allows you to earn passive income on your cryptocurrencies through different financial products, such as staking, flexible and fixed savings, and liquidity programs. Below, I have detailed the main aspects and concepts so that you understand how to maximize your income.You can subscribe to Binance Simple Earn Flexible Products at any time on the Simple Earn platform and start earning rewards every minute. Assets subscribed to Simple Earn Flexible Products can also be used as collateral for Binance Flexible Loan.
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#WYSTStablecoin A stablecoin is a digital asset that remains stable in value against a pegged external traditional asset class. Stablecoin reduces price volatility by backing its value against a conventional asset. The backing asset could be a combination of currencies, a single fiat currency, or other valuable assets.Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Stablecoins are more useful than volatile cryptocurrencies as a medium of exchange. Stablecoins may be pegged to a currency like the U.S. dollar or the price of a commodity such as gold.Broadly speaking, there are two main types of stablecoins: Collateralized stablecoins, backed by real world assets and crypto. Algorithmic stablecoins, managed by algorithms and smart contracts.
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