Binance Coin (BNB)

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Definition of 'Binance Coin (BNB)'

Binance Coin (BNB) is a cryptocurrency that is used to pay for transaction fees on the Binance exchange. It is also used to power the Binance Smart Chain, a blockchain platform that allows developers to build decentralized applications (dApps).

BNB was first issued in 2017 as an ERC-20 token on the Ethereum blockchain. In 2019, it was migrated to its own blockchain, the Binance Chain.

BNB is one of the most popular cryptocurrencies in the world, with a market capitalization of over $50 billion. It is often used as a store of value, as well as a means of payment for goods and services.

BNB can be purchased on a variety of cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

Here are some of the key features of Binance Coin:

* It is a decentralized cryptocurrency, meaning that it is not controlled by any central authority.
* It is fast and secure, with transaction speeds of up to 15 seconds.
* It has a low transaction fee of 0.1%.
* It is supported by a large community of users and developers.

BNB is a powerful cryptocurrency that has the potential to revolutionize the way we transact and do business. It is a valuable asset for any investor who is looking for a secure, fast, and affordable way to store and transfer value.

Here are some of the benefits of using Binance Coin:

* It can be used to pay for transaction fees on the Binance exchange.
* It can be used to power the Binance Smart Chain.
* It is a store of value.
* It is a means of payment for goods and services.
* It is a secure and fast cryptocurrency.
* It has a low transaction fee.
* It is supported by a large community of users and developers.

If you are looking for a cryptocurrency that has the potential to revolutionize the way we transact and do business, then Binance Coin is a good option to consider.

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