Did you know that #BNB initially operated as an ERC-20 token on the Ethereum blockchain?
🚀 In 2019, Binance launched its own blockchain, Binance Chain, and migrated BNB tokens to this network. Today, $BNB is used as fuel for the Binance Smart Chain (BSC), being essential for transaction fees and smart contract execution.
In addition, Binance performs quarterly burns (token burning) to reduce the total supply of $BNB , thus increasing its scarcity over time. This process is done until 50% of the original supply (200 million) is burned! 🔥
Interesting, isn't it? This keeps the ecosystem dynamic and can increase the value of the asset over the years.