In the world of cryptocurrencies, some coins were not created just to be traded, but built to lead. *BNB* is one of those coins that has proven its strength and resilience over the years.
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🔥 What is BNB?
BNB is the native currency of the *Binance* platform, the largest cryptocurrency exchange in the world.
Launched in 2017, it has become an essential part of the largest decentralized and centralized financial ecosystem at the same time.
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💡 Why do people buy BNB?
- *Discounts on trading fees* on the Binance platform.
- *Paying gas fees* on the BNB Smart Chain – a fast and low-cost blockchain network.
- *Participation in new launch projects (Launchpad)*
- *Staking and DeFi rewards*
- *Global acceptance as a payment method* by thousands of companies and stores.
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📉 Supply decreases… and value increases
- Periodically, *amounts of BNB are burned*, which reduces supply and increases value in the long term.
- More than *100 million BNB* have already been burned so far.
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📈 BNB performance over the years
- Started at a price of less than *1*, and reached over *600* at peak times.
- Considered one of the *best-performing cryptocurrencies* during both bull and bear markets.
- Maintained its position among the *top 5 cryptocurrencies* by market capitalization.
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🧠 Not just a financial asset… but part of a giant ecosystem
BNB manages a massive ecosystem that includes: