The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

When mentioning the terms BNB currency and public chain currency, I believe investors are familiar with them. BNB is the native currency on the chain and an on-chain token on Binance Smart Chain, while public chain currency refers to public The currency on the chain is completely decentralized and not controlled by anyone or any institution. This means that anyone can participate in the public chain ecosystem. There are currently many public chain currencies in the market, such as Bitcoin. , Ethereum, etc., their data are openly and transparently displayed in the blockchain browser, so many investors want to know whether BNB currency is a public chain currency? Next, the editor of the currency circle will introduce in detail what kind of currency BNB currency is?

 Is BNB coin a public chain coin?

BNB coin is not a public chain currency. BNB is a platform currency and an ecological token of Binance Smart Chain. It is also a currency. In the Binance ecosystem, the main application of BNB coins is discounted fees. When users use BNB coins to pay transaction fees, they will receive a 50% discount. As the transaction volume increases, the demand for BNB coins also increases, so the price of BNB coins is gradually rising. In addition, BNB coins are also widely used to participate in ICO fundraising activities of popular tokens.

In addition, BNB coins can also be used to purchase virtual gifts, such as game props and digital artworks. In the future, BNB coins will also be used as a payment currency for online stores. Binance plans to integrate BNB coins into various online stores, which will help promote the application of BNB and expand its usage. The future development prospects of BNB coin are full of hope.

As an industry giant, Binance has a large number of users and resources. Therefore, the exchange’s ecosystem will be more complete, and BNB coins will also develop accordingly. Currently, Binance is actively promoting the application scope of BNB coins and will soon launch holders of BNB coins. Users with BNB coins enjoy more discounts and benefits, such as participating in blockchain investments, obtaining prizes, and participating in competitions for free. These activities will help attract more users to use BNB coins and increase their market value.

 What currency is BNB coin?

BNB coin is the platform currency of Binance Exchange and is a decentralized blockchain digital asset based on Ethereum. The total issuance amount is constant at 200 million. BNB will be destroyed every quarter according to the trading volume of the Binance platform in that quarter. The destruction record will be announced as soon as possible. Users can query it through the blockchain browser to ensure openness and transparency until it is destroyed. Until the total amount reaches 100 million BNB coins.

As a platform currency, BNB first has the basic attributes of a platform currency: deducting handling fees, voting, etc. Secondly, the focus is on the ecology of BNB as the underlying public chain, which is the killer weapon behind BNB. Binance is stealing the show, with BNB reaching the top ten in terms of market capitalization. BTT and FET currency circles are also making waves. BNB is used for crowdfunding, and there is a trend of replacing ETH. In addition, Binance’s DEX is about to be launched. , BNB, as the fuel of its entire ecosystem, also makes the market extremely optimistic.

Moreover, BNB currency is still in a highly controlled stage of the platform, and the market price is performing well. BNB has a dividend function of repurchase and destruction, which is its main source of value. However, its biggest problem is that this dividend function is not a stable attribute. When the total amount of BNB is destroyed from 200 million to 100 million, it will no longer be repurchased. Halving the total amount is equivalent to doubling the unit value. A considerable part of the destruction of BNB has been completed. When the number of destruction approaches 100 million, the imagination space will be greatly reduced and currency prices will be under pressure.

The above content is the detailed answer of the editor of the currency circle to the question of whether BNB currency is a public chain currency and what kind of currency it is. In addition to its wide application in the Binance ecosystem, BNB Coin may also receive support for other cryptocurrencies, such as being able to be traded on other exchanges, which will also increase the liquidity and market demand of BNB Coin. At present, BNB Coin The currency has good development prospects and has economic value and investment potential. However, when investors want to invest in BNB, they still need to know more about the market conditions and price trends of BNB, and invest cautiously, and do not blindly follow the trend.