$BNB
Binance Coin (BNB) – A cryptocurrency used on the Binance exchange
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world.
#bn
🔹 Key Facts about BNB:
Symbol: BNB
Blockchain: Originally launched on Ethereum (ERC-20), but later migrated to Binance Chain and BNB Smart Chain (BSC).
Utility:
Used to pay trading fees on Binance (with discounts).
Powers smart contracts and dApps on BSC.
Used in DeFi apps, NFT marketplaces, and launchpads.
Plays a role in token burns to reduce supply and increase value.
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🔹 Tokenomics:
Total Supply: Originally 200 million BNB.
Binance performs regular token burns to reduce supply to 100 million over time.
Deflationary mechanism: Reduces supply and can increase scarcity/value.
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🔹 Recent Use Cases:
Transaction fees on Binance Exchange and BNB Chain.
Staking and yield farming on BSC DeFi platforms like PancakeSwap.
Participation in Binance Launchpad token sales.
Collateral for crypto loans and margin trading.
