What does BNB USDT mean?

The BNB, which is an Ethereum ERC20 token , saves on the trading costs charged by the platform. In terms of figures, the BNB is THE crypto currency that has lost the least value since the beginning of the bear market. Between the end of December 2018 and today, the BNB has increased by more than 280%.

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When was BNB released?

Throughout its history, the company has launched two cryptocurrencies which it developed itself: Binance Coin (BNB), launched June 2017 , and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using “Proof of Staked Authority”, a combination of proof of stake and proof of authority.

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Does BNB have a max supply?

There is an initial maximum supply of 200,000,000 BNB coins , of which 168,137,036 are currently in circulation as of September 2021. Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB.

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