$BNB , also known as Binance Coin, is the native cryptocurrency of the Binance ecosystem. It was originally launched in 2017 as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's proprietary blockchain, Binance Chain. BNB is one of the top cryptocurrencies by market capitalization.
Initial Supply: 200 million BNB tokens were created.
Burn Mechanism: Binance conducts quarterly burns to reduce the supply of BNB, aiming to destroy 50% of the total supply (100 million BNB). This is funded through Binance's revenue and helps maintain scarcity.
Blockchain Details :-
Binance Chain: Optimized for fast transactions and low fees but not as flexible for smart contracts.
Binance Smart Chain (BSC): A parallel blockchain supporting smart
