#Alpha2.0ProjectEvaluation BNB (Binance Coin) is the cryptocurrency of the Binance exchange, first issued in 2017. Initially, BNB was built on the Ethereum platform (ERC-20), but later transitioned to Binance Chain and Binance Smart Chain (BSC).

Characteristics of BNB

Used in the Binance ecosystem: BNB is used to reduce transaction fees on the Binance exchange, participate in events such as Launchpad, and pay for services.

Periodic coin burning: Binance implements a quarterly BNB burning mechanism to reduce supply and increase the value of the coin.

Widely used: Besides Binance, BNB is also used for payments, online shopping, staking, and DeFi investments on Binance Smart Chain.

Are you interested in BNB for investment or for trading purposes?