The shining star in the cryptocurrency firmament is Binance Coin (BNB). It manifests speed, efficiency and uniqueness against the background of other coins.
BNB is a proprietary coin of the popular Binance cryptocurrency exchange. It was created in 2017 on the Ethereum blockchain, but in 2019 the company released its own blockchain platform Binance Chain and transferred the coin to this platform.
One of the advantages of BNB is that it can be used to pay commissions on the Binance exchange. Using BNB to pay commissions gives users a 25% discount. In addition, BNB can be used to participate in ICO, exchange for other cryptocurrencies and trade on other exchanges where the coin is also available.
Binance Coin is also used in the Binance Chain blockchain platform. It allows users to create their own tokens based on the Binance Chain, which can be used for crowdfunding and other purposes.
But Binance Coin is not just a coin for paying commissions on the exchange. It is also the basis for the development of the Binance ecosystem, which includes several products, such as Binance Launchpad (ICO platform), Binance DEX (decentralized exchange) and Binance Smart Chain (smart contract platform).
BNB continues to attract the attention of investors and users with its innovative capabilities and unique ecosystem, which is constantly developing and expanding. Binance Coin is not just a cryptocurrency, it is a whole ecosystem that changes the game in the world of blockchain.