What is the Binance coin?
Binance Coin is it cryptocurrency. That trades with the symbol BNB. It was originally based on the Ethereum network but then got its own blockchain call the Binance Chain.
Binance Coin is it cryptocurrency that trades with the symbol BNB. It was originally based on the Ethereum network but then got its own blockchain call the Chain. The coin is mainly use to pay trad fees on the exchanges and for listing fees.
what is the Binance coin?
The coin is use as a utility token for the Binance exchange and allows users to pay for transactions and trading fees at a lower rate than they would be with other tokens.
It Coin is the native token of the cryptocurrency exchange. It is an ERC-20 token that was develope by the company with a total supply of 200 million. The coin is use as a utility token for the exchange and allows users to pay for transactions and trading fees at a lower rate than they would be with other tokens.
It uses the process of token “burns,” meaning they use the profit from token sales to repurchase more BNB and then burn (destroy) them.
Blockchain startup Binance is using a process call token burns, which involves using the profit from token sales to buy back and “burn” BNB tokens. The company has so far use this strategy to purchase about 50 million of its own tokens.
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Binance Coin (BNB)
