Cryptocurrency Q&A
What coin does Binance use?
What coin does Binance use?
CryptoAlchemy
Sat Jun 22 2024
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6
answers
1454
In the ever-evolving world of cryptocurrencies, one exchange stands out as a beacon of innovation and reliability - Binance. But the question remains, "What coin does Binance use?" Is it Bitcoin, Ethereum, or perhaps some lesser-known altcoin? Understanding the currency that powers this exchange giant is crucial for investors and traders alike. Does Binance rely on its own native token, or does it operate on a different standard? As we delve deeper into the workings of Binance, let's uncover the mystery surrounding its choice of coin and how it shapes the exchange's operations.
6 answers
CryptoWizardry
Mon Jun 24 2024
Derived from the Ethereum blockchain, Binance's platform leverages the technology to power its own blockchain, with BNB as its native cryptocurrency.
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TaekwondoMasterStrengthHonorGlory
Mon Jun 24 2024
As part of Binance's exchange, BNB offers various use cases including discounts on trading fees and other exclusive privileges.
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CryptoAlchemist
Mon Jun 24 2024
The launch of BNB occurred through an initial coin offering (ICO) in July 2017, marking the beginning of its journey as a digital asset.
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Raffaele
Mon Jun 24 2024
A defining feature of BNB is its limited supply, with a strict maximum cap of 200 million tokens.
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mia_rose_painter
Mon Jun 24 2024
Binance Coin (BNB) serves as the fundamental unit of value within the Binance blockchain ecosystem.
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