$BNB
How it works
BNB is a smart contract-based cryptocurrency that operates on the Binance Chain.
The Binance Chain uses a Delegated Proof of Stake (DPoS) consensus algorithm to ensure fast and efficient transactions.
BNB was originally launched as an ERC-20 token on the Ethereum blockchain, but has since been moved to the BNB Chain.
What it's used for
Trading fees: BNB can be used to pay for trading fees on the Binance exchange.
Paying for goods and services: BNB can be used to pay for goods and services within and outside of the BNB Chain ecosystem.
Participating in the network: BNB can be used to participate in the consensus mechanism on the BNB Smart Chain.
Access to exclusive token sales: BNB can be used to access exclusive token sales.
Access to DeFi gaming and DApps: BNB can be used to access the BNB Chain ecosystem of DeFi gaming and DApps.
Where to buy it
You can buy BNB on the Binance exchange.
How it works
BNB is a smart contract-based cryptocurrency that operates on the Binance Chain.
The Binance Chain uses a Delegated Proof of Stake (DPoS) consensus algorithm to ensure fast and efficient transactions.
BNB was originally launched as an ERC-20 token on the Ethereum blockchain, but has since been moved to the BNB Chain.
What it's used for
Trading fees: BNB can be used to pay for trading fees on the Binance exchange.
Paying for goods and services: BNB can be used to pay for goods and services within and outside of the BNB Chain ecosystem.
Participating in the network: BNB can be used to participate in the consensus mechanism on the BNB Smart Chain.
Access to exclusive token sales: BNB can be used to access exclusive token sales.
Access to DeFi gaming and DApps: BNB can be used to access the BNB Chain ecosystem of DeFi gaming and DApps.
Where to buy it
You can buy BNB on the Binance exchange.