What is BNB?
Have you heard of BNB and didn't quite understand what it does in the crypto market?
$BNB (Binance Coin) is:
The official cryptocurrency of Binance, one of the largest crypto exchanges in the world.
Used to pay fees with a discount within the platform.
It also serves as a means of payment and participates in the launch of new projects (Launchpad).
Why is it important?
It has multiple uses inside and outside of Binance.
It helps to drive the entire ecosystem of the exchange.
It is among the cryptocurrencies with the highest market value.
Fun fact:
Binance periodically burns (removes) a portion of the total BNBs, which helps control the supply and maintain the value of the coin.
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