BNB

BNB is the native cryptocurrency of the Binance Chain ecosystem, which consists of various products and services related to blockchain and cryptocurrency, not only can you trade BNB like other cryptocurrencies, but you can also use it in a variety of applications and use cases.

BNB was launched in 2017 by the Binance Exchange, one of the largest and most popular cryptocurrency exchanges in the world. BNB was initially built on the Ethereum blockchain platform with the ERC-20 standard but later migrated to its blockchain, Binance Chain, which uses the BEP-2 standard. BNB is used for various purposes, such as trading, paying fees, staking, and participating in the Binance ecosystem.

BNB coin has unique characteristics that make it attractive to investors and users. BNB coin is integrated with the Binance ecosystem, which includes the Binance exchange, the Binance Smart Chain platform, the Binance DEX, the Binance Launchpad, and various other applications and initiatives. BNB coin can be used to trade, pay fees, stake, and access exclusive features and benefits within the ecosystem. BNB coin also has a limited supply of 200 million tokens, of which 100 million are allocated to the public, 80 million to the team, and 20 million to the angel investors. BNB coin also has a burning mechanism, where Binance uses 20% of its profits every quarter to buy back and permanently destroy BNB coins until only 100 million coins remain. This reduces the supply and increases the scarcity and value of BNB coins.

Binance Chain, the blockchain that supports BNB coin, has been upgraded and expanded to include new features and functionalities, such as Binance Smart Chain, a parallel blockchain that enables smart contracts and decentralized applications (DApps). Binance Chain also supports various segments and trends in the crypto space, such as Game Fi, Metaverse, and Social Fi, which are emerging fields that combine gaming, virtual reality, and social media with finance and blockchain.