$BNB

By this indicator, the cryptocurrency occupies the 4th place in the ranking of the world's largest aggregator of cryptocurrency data, CoinGecko. Remember, the market capitalization of a digital asset is calculated by multiplying the price of BNB by its quantity in circulation. Currently, there are 153.86 million tokens on the market.

Features of BNB project

In this chapter, let’s delve deeper into what BNB is and the features it possesses.

Firstly, the BNB token operates exclusively on Binance Smart Chain (BSC), which is a blockchain with high throughput, quick transaction confirmations, and low fees. BSC was developed by Changpeng Zhao's team specifically for this purpose – for the fastest and most efficient trading of digital assets on their own exchange.

Secondly, BNB supports a variety of protocols, such as BEP-20, ERC-20, BEP-2, Avalanche, etc. This feature means that coins can be easily exchanged for any other cryptocurrencies and can be used on any other blockchains.

Thirdly, BNB coin holders can expect to receive discounts on fees when operating on the Binance exchange. However, the size of the discounts will directly depend on the number of coins held in the user’s account.