👉✅Binance Coin$BNB
- The Giant of Utility👈✅
🔸What it is: It is the native cryptocurrency of the Binance ecosystem (the largest exchange in the world) and the BNB Chain network.
🔸Main function: It is used to pay transaction fees with a discount on the Binance exchange and as "gas" to pay for operations on the BNB Chain network (widely used for games and new tokens for being cheaper than Ethereum).
🔸Key fact: Binance conducts quarterly "burns" (destruction of coins) to reduce supply and increase its scarcity.
