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#Binance$BNB
Origin and purpose:
Binance Coin (BNB) was launched by Binance in July 2017 during its changeover IPO (IPO). It was created as a native token based on Ethereum (ERC-20) to facilitate transactions on the Binance platform and offer users discounts on transaction costs.
Development :
In 2019, Binance took to its own blockchain, Binance Chain and BNB, to transition to this new status as native. This allows BNB to be used not only on the Binance exchange, as well as various applications and services built on the Binance Chain.
Use case:
More than just being used to pay transaction fees and get discounts on Binance, BNB has more use cases. This includes participating in ICO Lancées on Binance Launchpad, paying in stores we accept, as well as using multi-layer applications built on Binance Chain.
currency type:
Binance conducts regular transactions on BNB, resulting in a portion of circulating transactions. This is essential to increase the value of remaining devices, reduce inflation, and convert BNB to active currency in a timely manner.
Economic and popular:
Binance Coin is one of the most popular and important cryptocurrencies on the market. The performance has been great, with timely and significant valuations, representing a popular choice for investors and traders.
Future perspectives:
As Binance continues to expand and develop the ecosystem, Binance Coin is being viewed as a future startup. At the beginning of 2019, after Binance's original move began, BNB was valued at $8.08 per unit. In 2020, significant increases of $38.14 will begin to be offered. January 2021 The coin opened with overall strength, earning a historic $675.68. We assure you that in the coming years, BNB may even surpass this high date!
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