▎#BNB – Binance Coin

• Cryptocurrency: $bnb

• Year of creation: 2017

• Founder: Changpeng Zhao (CZ) and the Binance team

• Country of founders: Originally from China, with a global team later

▎Project Overview:

BNB is considered the primary token for the Binance platform, used for fee payments, obtaining discounts, and also as gas on the BNB Chain network.

▎Features:

• Strong real-world usage: BNB has multiple practical applications, enhancing its value in the market.

• Periodic token burns: Periodic token burns are executed, contributing to reducing supply and increasing value.

• Wide ecosystem: The BNB Chain network includes a variety of applications and services, strengthening its position in the cryptocurrency world.

▎Disadvantages:

• Heavy reliance on a single company: BNB relies heavily on the Binance platform, increasing associated risks.

• Criticism regarding centralization: The currency faces criticism due to its centralized nature, affecting the confidence of some investors.

• Regulatory risks: Binance faces increasing regulatory risks at the exchange level, which may impact the currency's future.

▎Audit and Review:

Parts of the ecosystem have been audited by firms such as CertiK, but the chain itself relies on sporadic internal and external reviews.

▎Important Notes:

BNB is considered a deflationary currency, with a quarter of the targeted supply being burned over time. It is noteworthy that the BNB Chain network suffered a major hacking attack in October 2022, with approximately $570 million stolen, leading to a temporary halt of the chain.