BNB (Binance Coin) is the native cryptocurrency of the popular Binance trading platform. It was initially launched in 2017 as a token built on the Ethereum network according to the ERC-20 standard, and then moved to Binance's own network called Binance Chain.
BNB coin uses:
1. Reducing trading fees:
It can be used to pay trading fees on the Binance platform with discounts of up to 25% on fees.
2. Transactions on the Binance network:
It is used as a transaction fee on the Binance Chain and Binance Smart Chain networks.
3. Decentralized applications (DApps):
It can be used as a means of payment within decentralized applications and services built on Binance Smart Chain.
4. Investment and participation:
It is used in Staking programs to earn additional rewards.
You can participate in new projects via the Binance Launchpad platform using BNB.
5. Payment:
BNB has been adopted as a payment method by many companies and e-commerce merchants.
Market Cap:
BNB is among the largest cryptocurrencies in terms of market cap, making it one of the most popular currencies in the digital world.
BNB Features:
Low fees and high transaction processing speed.
Strong support from Binance, one of the largest trading platforms in the world.
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