The BNB token is the digital currency of the Binance platform, one of the largest and most famous platforms in the crypto world. The full name of the currency is Binance Coin.
🟡 Quick Info about BNB:
Symbol: BNB
Original Platform: Binance
Launched: Year 2017
Total Supply: 200 million tokens
Blockchain: Initially on Ethereum, then moved to a dedicated blockchain called BNB Chain (previously Binance Smart Chain)
🧠 Uses of BNB:
Trading Fee Discounts:
If you use BNB on the Binance platform, you pay lower fees when buying or selling tokens.
Participation in New Projects (Launchpad):
You can use BNB to invest in new crypto projects that are launching for the first time.
Purchasing and Payment:
You can use it as a payment method in some stores and websites.
Decentralized Finance (DeFi):
You can use it on decentralized finance applications on the BNB Chain.
📈 Is BNB a good investment?
✅ Very good