Leonardo
Mon May 13 2024
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6 answers
1810
Why does BNB exist?
Why does BNB exist? It's a question that often puzzles those new to the cryptocurrency world. BNB, the native token of the Binance exchange, plays a pivotal role in the crypto ecosystem. At its core, BNB was designed to facilitate transactions on the Binance platform, offering discounts to traders who use it as a means of payment. Beyond that, it has evolved into a utility token with multiple uses, such as participating in vote-based governance decisions, accessing exclusive services, and even as a form of collateral for loans. The existence of BNB is a testament to the innovative spirit of the cryptocurrency space, where tokens can not only represent value but also serve as tools to enhance the functionality and efficiency of blockchain-based platforms.
