🎈Binance Coin (BNB) is a cryptocurrency created by Binance, one of the largest cryptocurrency exchanges in the world. Launched in 2017, initially as a token on the Ethereum blockchain, BNB was later migrated to its own blockchain, Binance Chain. BNB's main objective is to provide a discounted payment method for fees within the Binance platform, in addition to being used for transactions in various applications in the Binance ecosystem.
Binance Coin is also used in other areas, such as payment for services, travel reservations, entertainment and even as a form of investment. Binance periodically burns BNB tokens to reduce the supply and thus potentially increase its value over time. This strategy makes BNB a cryptocurrency with multiple uses and one of the most popular on the market.
🤔 Let us know in the comments what your expectations are for BNB in this altcoin season.
