The most popular tokens on Binance Chain are mainly the following categories. Combined with the information in the reference article, I will list and summarize them in detail for you:
BNB Token:
Definition: BNB is the native token of Binance Exchange and the cornerstone of Binance ecosystem.
Function: BNB token can be used for transactions on Binance Exchange and for various operations on BSC, such as paying transaction fees, participating in IDO (Initial DEX Offering), investing in other tokens, etc.
Market Value and Ranking: BNB token has a high market value in the market, showing strong market recognition and popularity.
TWT (Trust Wallet Token):
Function: TWT can be used to pay for Trust Wallet services, or to participate in community governance and activities.
Features and Prospects: TWT has good fundamentals, belongs to the decentralized finance (DeFi) sector, and is an important part of Binance ecosystem. It has good narrative ability, sustainable ecological development, large user scale, and continues to launch new features and promotions. The market value is about 1 billion US dollars, ranking 77th. With the development of DeFi and the expansion of Binance Chain, TWT may have more application scenarios and value manifestations.
LDO (Lido DAO Token):
Definition: LDO is an Ethereum-based token issued by Lido DAO.
Features and prospects: LDO has good fundamentals, belongs to the Ethereum 2.0 and DeFi sectors, and is a leading provider of staking services. It has good narrative ability, sustainable ecological development, many partners, and supports staking and liquidity mining of multiple assets. The market value is about US$550 million, ranking 124th. With the advancement of Ethereum 2.0 and the increase in staking demand, LDO may have more room for growth and competitive advantages.
LTC (Litecoin):
Definition: LTC is a digital currency based on the Bitcoin protocol, founded by Charlie Lee.
Features: As one of the early digital currencies, LTC has a wide range of recognition and usage. It maintains a high degree of compatibility and interoperability with Bitcoin, and supports the Lightning Network and MimbleWimble privacy protocols.
In addition to the tokens listed above, there are other popular tokens such as USDT (stablecoin), CAKE (the native token of PancakeSwap exchange), and XVS (the native token of Venus trading platform).
