Cryptocurrency Q&A
Is BNB under Ethereum?
Is BNB under Ethereum?
CryptoVeteran
Mon May 13 2024
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6 answers
1775
I'm curious about the relationship between BNB and Ethereum. Could you please clarify whether BNB is under Ethereum or not? I've heard rumors about the two being interconnected, but I'm not entirely sure about the specifics. Could you elaborate on this matter? It would be greatly appreciated if you could provide a detailed explanation of the relationship, if any, between BNB and Ethereum.
6 answers
Stardust
Tue May 14 2024
Once repurchased, these coins are permanently destroyed or "burned."
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SejongWisdomKeeperEliteMind
Tue May 14 2024
Binance, a leading cryptocurrency exchange, implements a unique profit-sharing mechanism.
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CharmedVoyager
Tue May 14 2024
Initially, BNB was issued on the Ethereum network.
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TaegeukChampionCourageousHeartWarrior
Tue May 14 2024
Nowadays, it serves as the native currency of Binance's proprietary blockchain, known as the Binance chain.
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BonsaiStrength
Tue May 14 2024
Quarterly, the platform allocates one-fifth of its profits for a specific purpose.
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