What is BNB and what is it used for?

BNB - What is BNB and What Is It Used For? What is BNB? BNB is the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world's most popular utility tokens, not only can you trade BNB like any other cryptocurrency, you can also use BNB in a wide range of applications and use cases.

What is BNB coin?

BNB Coin is a cryptocurrency that is used primarily to pay transaction and trading fees on the Binance exchange. What Is the BNB Coin Used For? Beyond the Binance exchange, Binance Coin has several uses, including the ability to: Pay for travel arrangements (on select websites)

What is Binance (BNB)?

Binance was one of the first exchanges to reactivate user registrations at the peak of the 2017 bull market. Binance is also the name of a cryptocoin (BNB) traded and used on the Binance exchange. Since the ICO, the value of BNB has risen with the growth of the exchange. BNB is now among the top 30 cryptocurrencies in the world by market cap.

What is BNB auto-burn?

BNB uses an Auto-Burn system to reduce its total supply to 100,000,000 BNB. The BNB Auto-Burn mechanism adjusts the amount of BNB to be burned based on BNB’s price and the number of blocks generated on BNB Smart Chain (BSC) during the quarter. This offers greater transparency and predictability to the BNB community.