What is Binance (BNB) ?
Binance: understanding the platform and the role of the BNB token
When it comes to crypto, it's hard to ignore Binance. It’s one of the largest trading platforms in the world. Whether you're a beginner or seasoned investor, Binance offers a complete ecosystem for buying, selling, staking, and even paying with crypto. At the center of it all is its native token: BNB 🔥.
What exactly is Binance?
Launched in 2017, Binance quickly became a major player. It offers trading for hundreds of cryptocurrencies, with very low fees. But Binance is more than just an exchange. It also offers:
- A blockchain (BNB Chain),
- A launchpad for new projects,
- Staking services,
- A crypto debit card,
- And much more.
Binance is like the Amazon of crypto 🧰.
What is the purpose of the BNB token?
Originally, BNB (Binance Coin) was created to reduce trading fees. Today, it serves many more purposes:
- Discounted trading fees,
- Access to Binance-exclusive products (like launchpads and farming),
- Online payments or through the Binance card,
- Used in smart contracts on the BNB Chain.
Every quarter, Binance burns a portion of BNB tokens to reduce supply and potentially boost its value 🚀.
An ecosystem that keeps evolving
Binance constantly innovates. Its BNB Smart Chain is EVM-compatible and attracts numerous DeFi projects.
Despite facing some regulatory hurdles, Binance keeps expanding globally. BNB remains one of the top crypto assets by market cap.
Why Coinstancy is looking at BNB
At Coinstancy, we focus on tokens with real utility and strong adoption. BNB checks all the boxes.
It’s a solid option for anyone looking to diversify their crypto portfolio with a long-term perspective 🧠.