CRYPTOCURRENCIES...✨✨💵
✏️🔸BNB
BNB was introduced in 2017 as an ERC-20 token on the Ethereum blockchain. In 2019, BNB migrated to its own blockchain and is now the native cryptocurrency of the BNB Chain ecosystem.
Like Ethereum, BNB Chain provides an environment for smart contracts and dApps, with lower transaction fees and faster processing times compared to other blockchains.
BNB has many uses, such as staking, paying transaction fees on BNB Chain, paying trading fees on Binance, and participating in token sales on the Launchpool. Additionally, the Automatic BNB Burn mechanism limits the supply of BNB and helps create scarcity.
✏️🔸Tether (USDT)
USDT is a stablecoin pegged to the USD launched in 2014 by Tether Limited Inc. Stablecoins are cryptocurrencies designed to maintain a constant value relative to a reserve asset, such as the US dollar or another fiat currency.
In the case of USDT, each token is backed by an equivalent amount of assets that the company holds in its reserves. Stablecoins like USDT eliminate additional costs and delays associated with converting between cryptocurrencies and fiat currencies.
✏️🔸Solana (SOL)
SOL is the native cryptocurrency of the Solana blockchain. Solana is a third-generation PoS blockchain that was launched in 2020. It has implemented many unique innovations to provide high performance, fast transactions, and low fees.