What is Binance Coin (BNB)? Should You Buy BNB? | Crypto News

Описание: Hi in this video I will explain what is Binance Coin? The pros and cons of BNB and whether you should buy Binance Coin (BNB)?

Are you familiar with Binance Coin (BNB)?

BNB is the native token of Binance Smart Chain and Binance Chain. First minted in July 2017 on Ethereum, BNB is a utility token that allows holders to pay discounted fees for trading on the Binance exchange. BNB, however, does not provide users with a share of Binance's profits, represent an investment in Binance, or provide other compensation.

All transactions on Binance Smart Chain and Binance Chain are payable in BEP-20 or BEP-2 BNB. The coin has a limited supply of 200 million and Binance conducts quarterly BNB destructions as a deflationary measure. The destruction events will occur until the total supply is reduced to 100 million.

Binance Coin (BNB) like any cryptocurrency has its pros and cons, so if you want to know what is BNB? what are the pros and cons of Binance Coin (BNB)? and if you should buy BNB? Watch the video!

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