BNB (Binance Coin) is a cryptocurrency that was created by the popular cryptocurrency exchange Binance.
BNB has a number of uses on the Binance platform, including being used as a native currency for paying fees on the exchange
1. BNB also has utility as a means of payment for goods and services on the Binance ecosystem, including the Binance Academy and Binance Charity Foundation.
BNB can be bought and sold on a variety of cryptocurrency exchanges, including Binance, as well as being held in a variety of wallets
1. BNB has a fixed total supply of 196,826,853 coins, with around 50% of that supply being in circulation as of 2021.
BNB has a number of unique features that set it apart from other cryptocurrencies, including a quarterly coin burn program,
BNB has also been used as collateral for the issuance of stablecoins on the Binance platform,
1. The value of BNB is largely tied to the success and adoption of the Binance platform, as the more people use the platform, the more demand there is likely to be for BNB.
BNB has a strong track record of price appreciation, with the value of the coin increasing significantly since its initial launch.
In addition to being used on the Binance platform, BNB has also been used as a base currency for trading on other exchanges
Binance has also announced plans to launch a decentralized exchange (DEX) called Binance Chain,
Overall, BNB is a well-known and widely-used cryptocurrency with a strong track record and a number of unique features that set it apart from other coins.