๐ Beyond watching the market, hereโs another basic you should know: BNB Chain
BNB has a periodic burn mechanism, with the ultimate goal of gradually reducing its total supply to 100 million tokens.
BNB is used to pay for gas on BNB Chain and for activities such as validator staking, so its utility is closely tied to on-chain activity.
On BNB Chain, transaction fees for trading and calling contracts are paid using $BNB .
Understanding the rules helps you make informed decisions; itโs not a way to predict market movements.
BNB has a periodic burn mechanism, with the ultimate goal of gradually reducing its total supply to 100 million tokens.
BNB is used to pay for gas on BNB Chain and for activities such as validator staking, so its utility is closely tied to on-chain activity.
On BNB Chain, transaction fees for trading and calling contracts are paid using $BNB .
Understanding the rules helps you make informed decisions; itโs not a way to predict market movements.