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📌 What is BNB (Binance Coin)?
BNB is the native cryptocurrency of Binance, one of the largest cryptocurrency trading platforms in the world. It was launched in 2017 as part of the exchange's growth strategy.
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🔍 What is BNB used for?
1. Fees on Binance:
You can use BNB to pay trading fees with a discount within the Binance platform.
2. BNB Chain (formerly Binance Smart Chain):
BNB is used to pay transaction fees and execute smart contracts on its own blockchain.
3. Staking and Farming:
Many users stake BNB or use it on DeFi platforms to earn yields.
4. Payments and utilities:
BNB can be used to pay for travel, purchase products, and even as collateral for crypto loans.
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📈 Advantages of BNB
Discounts on trading fees
High liquidity
Wide acceptance in the Binance ecosystem
Usage in NFTs, games, and DeFi
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⚠️ Stay alert!
Despite its potential, BNB is still a volatile asset. Invest carefully, study the market, and never invest more than you can afford to lose.
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💡 Fun facts
The supply of BNB is limited (maximum of 200 million tokens).
Binance conducts periodic burns of BNB, reducing the total supply.
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