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Everything you need to know about BNB, the crypto of the No.1 exchange platform !
BNB is the crypto of the Binance cryptocurrency exchange platform. The latter is the first, and by far, in terms of volumes of crypto transactions exchanged or number of users. BNB was launched on July 25, 2017, in an ICO (Initial Coin Offering) conducted by Binance. It was initially launched as an ERC-20 token on the Ethereum blockchain before migrating to its own blockchain, the Binance Chain, in April 2019. With Binance Coins, you can benefit from certain advantages related to Binance:
1- Binance Coin (BNB), the crypto of the No. 1 exchange platform BNB is the crypto of the Binance cryptocurrency exchange platform . The latter is the first, and by far, in terms of crypto transaction volumes exchanged or number of users.
2- Polygon (POL, formerly MATIC) Our next promising crypto is called Polygon . It is a protocol created in 2017 with the ambition of connecting a blockchain network that can be compatible with Ethereum . The goal is to address the slowness and cost of the Ethereum network, while benefiting from its advantages, such as the deployment of smart contracts.
3- Polkadot (DOT), for interoperability between blockchains Polkadot is an infrastructure blockchain created in 2017 that allows the development of dApps and DeFi protocols .
4- Chainlink I previously told you about Chainlink's support for Avalanche, talking about the essential role of oracles. Well, LINK, Chainlink's crypto, is also part of our selection of promising cryptocurrencies.
Update: SEC & Ripple Case Despite Ripple's court win against the SEC, uncertainties remain regarding the court's ruling and the SEC's viewpoint on the case, while legal experts and attorneys offer their insights and analysis. #Write2Earn #TradeNTell #binancelabs #BinanceTrends #TrendingTopic
India’s Google Play Store Blocks Several Exchange Apps Including Binance The Binance app and website are still available and working for existing users, despite the block. The Indian government agency of the Financial Intelligence Unit (FIU) issued notices to nine crypto firms for not complying with India's anti-money laundering rules. #Write2Earn #TradeNTell #binancelabs #BinanceTrends #TrendingTopic
🏛Ripple Labs argues that the US Securities and Exchange Commission's request to inspect additional financial documents is invalid. Ripple questions the relevance of the requested information to the court's decision to impose penalties in the case. #Write2Earn #TradeNTell #binancelabs #BinanceTrends
Polygon (MATIC/POL), the essential of 2024. If there were to be a cryptocurrency to keep an eye on in 2024, it would be that of Polygon. Indeed, the developers have announced big ambitions for this year and that starts with the implementation of Polygon 2.0.
It is preferable to invest in cryptocurrencies whose market is certainly less deep, but whose prospects can be very interesting in 2024, such as Ethereum, Cardano or Litecoin.
Investing in cryptocurrency carries risks. Here are some general tips: 1. In-depth research 2. Diversification 3. Risk management 4. Constant monitoring 5. Avoid impulses 6. Wallet Security 7. Technical analysis 8. Be careful with promises. #Write2Earn