spider 7
0 Following
6 Followers
3 Liked
0 Shared
Posts
#BNB_Market_Update #TrumpTariffs
BNB (formerly Binance Coin) is a cryptocurrency created by Binance, one of the world’s largest cryptocurrency exchanges. Here's a quick overview:
Key Facts:
Launched: July 2017
Initial Purpose: Originally launched as a utility token for discounted trading fees on Binance Exchange.
Blockchain: Originally on Ethereum (as an ERC-20 token), then migrated to its own blockchain — BNB Chain (formerly Binance Chain and Binance Smart Chain).
Uses of BNB:
Trading fee discounts on Binance
Transaction fees on BNB Chain
Token sales on Binance Launchpad
Payments with various merchants and services
DeFi applications (staking, yield farming, etc.)
NFT platforms and gaming ecosystems on BNB Chain
Tokenomics:
Total Supply: Initially 200 million BNB
Burning Mechanism: Binance uses 20% of its profits each quarter to buy back and burn BNB, reducing supply over time. They also implemented a real-time burn system called BEP-95.
Risks and Considerations:
Heavily linked to the success and regulatory health of Binance.
Subject to price volatility like all crypto assets.
Centralized aspects (compared to Ethereum or Bitcoin) have raised some concerns.$BNB
$BNB $BNB #MarketPullback #BinanceAlphaAlert #TrumpTariffs
BNB (formerly Binance Coin) is a cryptocurrency created by Binance, one of the world’s largest cryptocurrency exchanges. Here's a quick overview:
Key Facts:
Launched: July 2017
Initial Purpose: Originally launched as a utility token for discounted trading fees on Binance Exchange.
Blockchain: Originally on Ethereum (as an ERC-20 token), then migrated to its own blockchain — BNB Chain (formerly Binance Chain and Binance Smart Chain).
Uses of BNB:
Trading fee discounts on Binance
Transaction fees on BNB Chain
Token sales on Binance Launchpad
Payments with various merchants and services
DeFi applications (staking, yield farming, etc.)
NFT platforms and gaming ecosystems on BNB Chain
Tokenomics:
Total Supply: Initially 200 million BNB
Burning Mechanism: Binance uses 20% of its profits each quarter to buy back and burn BNB, reducing supply over time. They also implemented a real-time burn system called BEP-95.
Risks and Considerations:
Heavily linked to the success and regulatory health of Binance.
Subject to price volatility like all crypto assets.
Centralized aspects (compared to Ethereum or Bitcoin) have raised some concerns.$BNB
$BNB $BNB #MarketPullback #BinanceAlphaAlert #TrumpTariffs
#BTC
Bitcoin (BTC) is the first and most well-known cryptocurrency. Here are some key facts about it:
Created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto.
Decentralized: It operates without a central authority like a bank or government.
Blockchain technology: Bitcoin transactions are recorded on a public ledger called the blockchain, which is secure and transparent.
Limited supply: There will only ever be 21 million BTC, making it deflationary in nature.
Mining: New bitcoins are created through a process called mining, where powerful computers solve complex math problems.
Use cases: BTC is used for peer-to-peer transactions, a store of value, and is sometimes referred to as “digital gold.”
Volatility: Its price is highly volatile and influenced by market demand, regulation, media, and investor sentiment.
$BTC
$BTC $BTC #TrumpTariffs #BinanceAlphaAlert #DinnerWithTrump #BTCBreaksATH110K
Bitcoin (BTC) is the first and most well-known cryptocurrency. Here are some key facts about it:
Created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto.
Decentralized: It operates without a central authority like a bank or government.
Blockchain technology: Bitcoin transactions are recorded on a public ledger called the blockchain, which is secure and transparent.
Limited supply: There will only ever be 21 million BTC, making it deflationary in nature.
Mining: New bitcoins are created through a process called mining, where powerful computers solve complex math problems.
Use cases: BTC is used for peer-to-peer transactions, a store of value, and is sometimes referred to as “digital gold.”
Volatility: Its price is highly volatile and influenced by market demand, regulation, media, and investor sentiment.
$BTC
$BTC $BTC #TrumpTariffs #BinanceAlphaAlert #DinnerWithTrump #BTCBreaksATH110K
Login to explore more contents