Shamii05
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Bearish
#BTCWhaleMovement
What is BNB?
BNB ("Build and Build") is the native cryptocurrency of the Binance ecosystem, launched in July 2017 via an ICO. Initially issued as an ERC‑20 token on Ethereum, it migrated to Binance’s own blockchain in April 2019. It now serves as the native token on the BNB Beacon Chain and BNB Smart Chain (BSC), facilitating smart contracts and decentralized apps.
🔧 Core Uses & Features
Fee discounts: Users save up to 25% on trading fees by paying with BNB on Binance.
Blockchain fuel: BNB is used as gas to power transactions and smart contracts on BNB Chain
Ecosystem utility: Accepted for travel, entertainment, online services, staking, loans, airdrops via Binance Earn, and participation in token sales via Launchpad/Launchpool.
Governance & staking: BNB holders can stake and vote on BNB Beacon Chain proposalsDeflationary Tokenomics
Binance conducts quarterly burns, using a portion of profits to repurchase and destroy BNB until 100 million (half the initial 200 M) remain. Additionally, real-time burns reduce supply further via gas fees. Around 30–40% of supply has been burned so far.
What is BNB?
BNB ("Build and Build") is the native cryptocurrency of the Binance ecosystem, launched in July 2017 via an ICO. Initially issued as an ERC‑20 token on Ethereum, it migrated to Binance’s own blockchain in April 2019. It now serves as the native token on the BNB Beacon Chain and BNB Smart Chain (BSC), facilitating smart contracts and decentralized apps.
🔧 Core Uses & Features
Fee discounts: Users save up to 25% on trading fees by paying with BNB on Binance.
Blockchain fuel: BNB is used as gas to power transactions and smart contracts on BNB Chain
Ecosystem utility: Accepted for travel, entertainment, online services, staking, loans, airdrops via Binance Earn, and participation in token sales via Launchpad/Launchpool.
Governance & staking: BNB holders can stake and vote on BNB Beacon Chain proposalsDeflationary Tokenomics
Binance conducts quarterly burns, using a portion of profits to repurchase and destroy BNB until 100 million (half the initial 200 M) remain. Additionally, real-time burns reduce supply further via gas fees. Around 30–40% of supply has been burned so far.
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