DeFi world offers users a wide range of cryptocurrencies. All of them run on different blockchains. It’s not a secret that BNB Chain is one of the world’s most popular and successful blockchain systems.
Let us tell you more about BNB Coin and how you can use it.
What is BNB Coin & How to Use It?
BNB Coin is a native coin of the BNB Beacon Chain and BNB Smart Chain. It was launched in July 2017 through the ICO (Initial Coin Offering). With a total supply of 200 million coins, BNB was initially issued as an ERC-20 token on Ethereum.
Binance Coin can be used in several ways:
💰Trade, Earn & Exchange
Users make these actions on all the platforms that run on the BNB Chain.
Users pay for the transactions on BNB Chain with it.
It’s possible to book tickets and hotels on websites that support crypto payments.
BNB serves several purposes in the entertainment industry, including paying for virtual gifts and purchasing lottery tickets.
In order to offer more flexibility in payment methods to their customers, merchants can offer BNB as a method of payment.
BNB Coin also empowers the largest crypto exchange Binance and other DEXs that run on the BNB Chain. That is why you can easily use it not only on the Binance platform.
Benefits of BNB Coin
Here are the advantages you’ll get by purchasing it:
💎One of the best utility tokens. As we mentioned before, BNB can be used not only within the Binance ecosystem but also for different services.
💎A particular burning system. 20% of the profits from Binance will go into acquiring BNB tokens and burning them to reduce the supply until only 50 million coins are left.
💎Getting a discount for exchanging. Investing in BNB offers users of Binance discounts on exchange fees.
❗Even though investing in BNB can be very profitable, always DYOR before making any actions with your funds.
To analyze the condition of the crypto market, you can use CoinMarketCap, for instance: https://coinmarketcap.com/.
Types of BNB Coin
There are several kinds of BNB that run on different chains:
- BEP-2 on the BNB Beacon Chain (former Binance Chain).
- BNB BEP-20 on the BNB Smart Chain (former Binance Smart Chain).
- BNB ERC-20 on the Ethereum network.
📍Biswap DEX uses the BEP-20 version of the BNB Coin.
Eager to know more? Come visit the Binance website:
BNB Coin & Biswap | Explore Profitable Opportunities!
For those who still don’t know, Biswap DEX runs on the BNB Smart Chain. Moreover, Binance is our strategic investor and one of our main partners.
Here’s how you can earn with BNB Coin on Biswap:
💵Exchange with a low fee of 0.2%
Via Biswap Exchange, you can make swaps easily and fast. It means that you can trade BNB and other leading crypto in a matter of seconds! While exchanging whitelisted tokens on our DEX, you also gain up to 50% Fee Return which comes from the commission fee. Are you excited to profit? Do not wait any longer to do so at biswap.org!
💵Provide Liquidity to the Farms with BNB & Earn!
There is a wide range of Farming pairs on Biswap with BNB and not only:
- 48.34% APR for BNB-BSW
- 21.51% APR for BNB-USDT
- 7.81% APR for BNB-BTCB
And many more pairs to find!
As a liquidity provider of Biswap Farms, you earn:
🌟BSW Passively with high APYs
🌟Up to 75% Fee Reward from trading fees
📍Note: All the transaction fees are made in BNB!
Biswap gives its users the best crypto experience with the best tokens!
📍All figures are relevant at the time of the release of the material in July, 2022.
To Sum Up
BNB Coin is one of the most successful tokens on the market. You can use it starting from exchanging crypto on the Binance platform and ending with the travel services payments.
It has several types that run on different chains. Biswap supports the BEP-20 version of BNB Coin. Use it to trade, provide liquidity & earn on farms.
Head to Biswap DEX & start earning TOP tokens!
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