$BNB

BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, which includes the world's largest cryptocurrency exchange by trading volume. Launched in 2017, BNB was initially issued as an ERC-20 token on the Ethereum network but later migrated to Binance's own blockchains: the BNB Beacon Chain and BNB Smart Chain.

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BNB serves multiple purposes within and beyond the Binance platform:

Transaction Fees: Users can pay for trading fees on the Binance exchange with BNB, often at discounted rates.

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Participation in Token Sales: BNB holders can participate in token sales on Binance Launchpad.

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Staking and Yield Farming: BNB can be staked to earn rewards, contributing to network security and operations.

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Payment Method: BNB is accepted by various merchants for goods and services, both online and offline.

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Transaction Fees on BNB Chain: BNB is used to pay for transaction fees on both the BNB Beacon Chain and BNB Smart Chain.

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As of December 15, 2024, BNB is trading at approximately 85,274.30 Bangladeshi Taka (BDT) per coin.

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BNB employs a deflationary model through regular coin burns, where Binance uses a portion of its profits to buy back and burn BNB tokens, reducing the total supply over time.

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While BNB offers various benefits, it's important to be aware of potential risks, including market volatility, regulatory challenges, and security concerns.

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For the most current information on BNB's market performance, you can refer to financial platforms that provide real-time data.