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What is BNB

BNB is a cryptocurrency launched by Binance, the world's largest cryptocurrency exchange in 2017. BNB can be used to earn rewards, lending, to create smart

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What is BNB

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  1. What is BNB ?

  2. Introduction Explore What is BNB, It is biggest cryptocurrency exchange in the world, Binance, introduced BNB as a cryptocurrency in 2017. BNB can be used for transactions, lending, creating smart contracts, and earning rewards. In addition, BNB is utilised to pay the trading commissions on Binance. The Binance Smart Chain, a decentralised blockchain platform that enables the creation of decentralised apps (DApps), is also powered by BNB. Operating on the Binance Smart Chain is BNB, a BEP-20 token. Currently, 157.89 million BNB tokens are available for purchase. Staking, or the act of locking up your BNB tokens to gain incentives, is a way to acquire BNB.

  3. How to make passive income with BNB? BnB Staking In exchange for locking your BNB tokens for a predetermined time period and earning staking incentives, BNB offers a variety of staking programmes. You can accumulate more BNB tokens by taking part in these programmes over time. The staking payouts change based on the market conditions and the staking programme. Yield Farming BNB Chain backs a number of decentralised finance (DeFi) protocols that let you earn yield by supplying liquidity to pools. By staking your BNB in liquidity pools, you can receive extra tokens in return.

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