The **$BNB #StrategyBTCPurchase BNB** you mentioned may have two meanings, depending on the context:
1. **Binance Coin (BNB)** – The platform token issued by Binance Exchange
2. **BNB Chain** – The blockchain network launched by Binance
Below are detailed introductions for each:
---
## **1. Binance Coin (BNB)**
**BNB** is the native token issued by **Binance Exchange**, originally based on **Ethereum (ERC-20)**, and later migrated to **Binance Smart Chain (BSC, now BNB Chain)**.
### **Key Information**
- **Issuance Date**: 2017 (ICO price approximately $0.1)
- **Maximum Supply**: 200 million tokens (circulating supply reduced through regular burns)
- **Current Circulation**: Approximately 150 million tokens (2024 data)
- **Market Cap Ranking**: Consistently among the **top 5 cryptocurrencies** (only behind BTC and ETH)
### **Main Uses of BNB**
✅ **Trading fee discounts** (BNB can be used to pay for trading on Binance, enjoying discounts)
✅ **BNB Chain ecosystem fuel fees** (similar to ETH for gas payment)
✅ **Participation in Launchpad/IEO** (subscription for new coin offerings on Binance)
✅ **DeFi, NFT, GameFi applications** (such as PancakeSwap, Venus, etc.)
✅ **Payment scenarios** (some merchants support BNB for payments)
### **BNB Price Trends (2024)**
- **All-time high price**: ~$686 (during the 2021 bull market)
- **Price range for 2024**: $500 - $600 (affected by overall market conditions)
- **Burn mechanism**: Binance burns a portion of BNB each quarter, reducing supply and increasing scarcity.
---
## **2. BNB Chain (formerly Binance Smart Chain BSC)**
**BNB Chain** is a **high-performance blockchain network** launched by Binance, compatible with **EVM (Ethereum Virtual Machine)**, focusing on low transaction fees and high throughput.
### **Core Features of BNB Chain**
🚀 **Low gas fees** (much cheaper than Ethereum, suitable for high-frequency trading)
🚀 **High TPS** (thousands of transactions can be processed per second)
🚀 **EVM compatibility** (developers can easily migrate Ethereum DApps)
🚀 **Multi-chain architecture**:
- **BNB Beacon Chain** (formerly Binance Chain, responsible for governance and staking)
- **BNB Smart Chain (BSC)** (supports smart contracts, the main battlefield for DeFi)
