- Binance Coin ($BNB )
Market Cap: 99.23 billion dollars.
Price: 860.54 dollars.
This cryptocurrency was launched in 2017 and has evolved from a simple token to powering its own ecosystem. Initially, "BNB" was used to provide special benefits for users of the Binance cryptocurrency exchange, such as lower fees and exclusive access to initial coin offerings and cashback.
Today, it forms the backbone of the "BNB Chain," which features high speed and low cost to compete fiercely with Ethereum after proving itself as a strong option in the market.
Pros
Low costs and high productivity mean it is able to meet demand much more than many competitors.
Owning this coin provides you with benefits on the popular Binance trading platform with reduced fees and high speed.
Cons
Binance Coin is a highly centralized token, controlled and managed by Binance, which reduces the freedom available to its users.
The success of this coin is linked to the Binance platform, which has been targeted by regulatory bodies in many countries such as the UK, Japan, and Germany, according to the "Zip Pay" platform.
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