#BNB Coin or #Binance Coin is the native cryptocurrency of the Binance exchange. It was launched with the cryptocurrency offering (ICO) in 2017. It was first issued as an ERC-20 token on the #Ethereum network. However, it gained its own chain structure with the launch of BNB Beacon Chain and later BNB Smart Chain in April 2019.
BNB Coin is the utility coin of the Binance platform and the native cryptocurrency of BNB Smart Chain. The #BSC network supports the Ethereum Virtual Machine and uses the Proof of Stake consensus algorithm. The BSC network enables the emergence of many projects and protocols due to short transaction times and low transaction fees. #BTC
Features of BNB Coin include offering its users advantages such as participation in special events and commission discounts on the Binance platform.
Binance Launchpad is an event held by cryptocurrency projects on the Binance platform to raise funds. Investors can have the opportunity to invest in projects at an early stage with the BNB Coin they hold through Binance Launchpad.
BNB Coin's high usage area on the Binance platform and BSC network makes it special. Therefore, BNB Coin is preferred by many investors and cryptocurrency users.
