What does BNB mean?
*kindly note that this article is written in Arabic language, therefore the unrecognized or unfamiliar usage of English language , this is due to the Auto translation feature from the platform.
๐ First, let us agree that not all terms in the world of#cryptoare understandable to all people, and for that reason, let us speak in dialect, in the popular, colloquial language, which we can all understand. Firstly, to bring the meaning closer, and secondly, to make people not be afraid of the complex terms that new things appear every day, making the subject of understanding#digital_currenciesa difficult and complex subject for most people. So let us choose a term, or a currency, to talk about it every time, and explain and delve into it in an easy way.
Today we will talk about the BNB currency, which I consider to be the dark horse ๐๐ in current digital currencies. You will ask me why he stayed, Uncle Abu Al-Arif?? I will tell you, sir...
The reason is not that I work with Binance and Brooj for their currency, the reason is logical and let us explain it one by one:
1- BNB is the main currency of the Binance network, and when we say Binance, we are talking about the largest digital exchange in the world of digital currencies. You don't believe me??? This money exchange, uncle, is a money laundering case filed against them ๐๐ฎโโ๐ฎโโ๐ฎโโ (This and that.... I will tell you why later) and they asked them for a fine of 4.3 billion dollars.. They paid them like peace be upon you, or as if they paid ten pounds. . This means that there is an exchange with this force behind the currency, so you are talking about a currency that is very strongly supported.๐๐๐๐
2- This currency, in addition to being a digital currency that can be traded, is also used to pay expenses and fees for buying, selling, and trading on the Binance platform, and on other decentralized exchanges (#DEX) such as the#Pancakeswapexchange.๐ต๐ต๐ต
3- You also get a 25% discount if you are a VIP customer of Binance, which means that the fees for processing your transactions in Binance will be cheaper by 25%.....(Simplify it, uncle, you will save a couple of nice items...but keep meeting with me if you remain a VIP customer. Arif. We want your trades to be within how many limits??!!! If you want to know, keep asking me in the comments and I will tell you ๐๐) ๐ฒ๐ฒ๐ฒ
4- You can also use it as an alternative to real money to pay for purchases and goods available in some online stores and physical stores in the real world that accept trading in digital currencies. You want to book a hotel, get a travel ticket โโ๐๐๐จ๐จ๐ You can get it from the Travala website. Some games on blockchain networks accept currency
Ok, let us talk about Binance and its currency, BNB??? I will tell you, sir.
Since I am one of the believers in the saying (9๏ธโฃ in good deeds you become a millionaire), I am coming to tell you something that I see as good from my humble point of view.. and an investment that may be worthwhile in this period (useful but not feasible)...and by the way, before I start talking.. Everything I say is for the sake of entertainment and sharing general information, and not with the aim of advising you or directing you to a specific investment (I am neither an economic expert nor a financial analyst. I am like you, a human being for Godโs sake, but perhaps I was a little ahead of you in the world of crypto and knew more information than you. You know it and I said I share it with you out of charitable knowledge.)
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The BNB currency, sir, is one of the currencies that achieved a respectable rise from the beginning of the digital currency revolution, and you can see this through its economic indicators that show you how great this currency is, and it has support and a large project that helps to strengthen it over time.
Please don't forget that this currency is a deflashing currency โฌโฌโฌ.... What does this mean, Hajj Dahshunari???? It means a deflationary currency (the opposite of inflationary)... To explain to you the benefit of this feature? Deflashing means that a specific quantity of this currency has been produced, and in order to maintain its price, a number of them are burned every period, so that the remaining number is distributed among its current capital, so the price of one unit will be greater.
๐ฒ๐ฒ In numbers, we will assume that the total capital of the Binance coin is 100 pounds, and they have 100 coins...so each coin will be worth one pound. Imagine if I came every Wednesday and deleted two currencies from the total currencies (I burned it, I lost it, I canceled it, etc.) As if it had not happened, (Veneto) there will only be 98 coins left, and we will divide the 100 pounds among the ninety-eight coins. Thus...the currency price remains strong, increases, and maintains itself. (200 million pieces of this currency were produced, and currently 149.53 million pieces are available) ๐ฒ๐ค๐ช
Another thing, when the money laundering case came up (you still haven't asked me about a case yet????? What a shame!!! There are still things you should know... keep asking me in the comments so I can tell you๐ค)
The important thing is, why did the case come to this currency? Of course its price was affected and it dropped to 250 dollars ๐๐๐๐, but just so you know that this money exchange is not easy and despite them paying 4.3 billion dollars, the currency came back strongly ๐๐๐๐ in a short period and its price is currently at At the time of writing the article is approximately $BNB
Dollar.๐ฒ๐ณ.. I mean, if you had bought it, you unlucky person, on the day of the case, your time would have earned your money at least twice (200
The important thing is, in the end, I would like to tell you that digital currencies are a beautiful and delicious thing and can be your opportunity to achieve respectable gains, but of course you need to understand the world before you make any decision. My role here is to help you understand, not to help you decide...and I hope I knew how to do my role well๐๐๐...donโt forget a sweet invitation, a sweet donation, or a crypto transfer to my wallet number (three, one, zero, no questions asked). You won't find me
Have a good evening, and if you want to know something else, keep asking....Donโt be lazy...I am like your brother.
