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What is “BNB coin”? The coin of the popular trading site “Binance”

If you have entered the world of Cryptocurrency It is impossible that you will not be know with the famous trading site “Binance” because this site offers trading-related cryptocurrency services in global and Binance has created its own coin called Binance coin or BNB.

BNB coin was launched through an Initial coin offering (ICO), with a selling price of 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. BNB is an ERC-20 token that runs on the Ethereum network with a total of $200 million coins. During the ICO period, $100 million coins of BNB has been sold.

BNB coins can be used to pay fees for trading on Binance exchange, and Binance DEX coins can be traded or bought “tokens” that are listed for sale on Binance exchanges. There are many products or services from various merchants that accept payment in BNB coins.

The fact that Binance is the number one of trading site that gives it a great advantage in developing and designing BNB coins. Therefore, that is worth keeping an eye on BNB coin.

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