![]() A blockchain network with a rich DeFi ecosystem and smart contract functionality. A platform for launching new cryptocurrencies Binance has also launched other products and services that utilize BNB, such as: It has become a popular cryptocurrency in its own right, and is now used for a wide range of purposes beyond just trading fees.įor example, Binance has created a decentralized exchange (DEX) that runs on the Binance Chain, and BNB is used as the native token for this platform. Futures traders save up to 10% on fees via BNB.Īdditionally, Binance periodically uses a portion of its profits to buy back and "burn" (i.e., destroy) BNB tokens, which helps to reduce the total supply of BNB over time.īNB has evolved beyond just a utility token for the Binance exchange. When users pay their trading fees with BNB, they can receive a discount of up to 25% on spot and margin trading fees. The main purpose of BNB is to provide discounts on trading fees for users of the Binance exchange. ![]() This allowed Binance to have more control over the token, and also enabled faster and cheaper transactions. However, in 2019, Binance launched its own blockchain, the Binance Chain, and migrated BNB to this new blockchain. The Binance exchange was founded in 2017 by Changpeng Zhao (also known as "CZ"), and quickly gained popularity among traders due to its user-friendly interface and low trading fees.īNB was created as a utility token for the Binance exchange, and was initially launched as an ERC-20 token on the Ethereum blockchain. What Is Binance Coin (BNB)?īinance Coin (BNB) is a digital asset that was created by Binance, one of the largest cryptocurrency exchanges in the world. In this article, we'll take a closer look at what Binance Coin (BNB) is, how it works, and whether it’s a good investment. One cryptocurrency that has gained significant attention and adoption is Binance Coin (BNB), the utility token created by Binance – one of the largest cryptocurrency exchanges in the world.īNB was initially launched as a way to provide discounts on trading fees for Binance users, but has since evolved into a versatile digital asset with a wide range of use cases beyond just the Binance exchange. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.Cryptocurrency has become an increasingly popular asset class in recent years, with more and more people looking to invest in digital assets like Bitcoin, Ethereum, and others. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. The pattern element in the name contains the unique identity number of the account or website it relates to. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.Ī variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. It does not store any personal data.Īnalytical cookies are used to understand how visitors interact with the website. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. These cookies ensure basic functionalities and security features of the website, anonymously. ![]() Necessary cookies are absolutely essential for the website to function properly.
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