Cryptocurrency Q&A
Is BNB and Binance the same?
Is BNB and Binance the same?
AltcoinExplorer
Mon May 13 2024
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6 answers
1686
I'm just curious, are BNB and Binance the same thing? I've heard about both of them but I'm a bit confused about the difference, if there is any. Could you please clarify for me? I understand that Binance is a popular cryptocurrency exchange, but what exactly is BNB? Is it a token or a currency? And how does it relate to Binance? I'd really appreciate it if you could break it down for me in a simple way. Thanks in advance for your help!
6 answers
Emanuele
Wed May 15 2024
BNB, initially known as Binance Coin, has evolved beyond its original identity.
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Carlo
Wed May 15 2024
It serves as the "gas" token for the BNB Smart Chain, powering transactions and interactions.
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Martina
Wed May 15 2024
Beyond its utility as a gas token, BNB also grants holders on-chain governance rights.
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CryptoTitaness
Tue May 14 2024
The multichain Bitcoin.com Wallet app provides a convenient platform to buy, sell, trade, and manage BNB.
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GangnamGlitzGlamour
Tue May 14 2024
Recently, BNB underwent a rebranding, now known as "Build and Build," reflecting its evolving nature and ambitions.
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