Binance coin (BNB)| Steemit Crypto Academy Season 2 - Week 1 homework | by: @aboart
Hello friends, greetings to all, I present myself in this CrytoAcademy community with my first post to talk a little about the Binance coin (BNB), after seeing @yohan2on's post I could understand very well what Altcoins are about.
Let's talk about Binance before talking about its cryptocurrency, what is binance?
Binance is a platform that allows a large amount of currency exchange in cryptocurrencies, with millions of users from around the world to buy and sell their crypto assets, it was founded in 2017 by Changpeng Zhao, quickly reaching the cryptocurrency market, Thus, it is considered the exchange platform with the largest commercial volume in the world since 2018.
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Binance, as many stock exchanges, also has its own currency, Binance Coin (BNB), used for currency management within its own platform, providing speed and efficiency in transitions, which are cheaper than other cryptocurrencies.
BNB started as an ERC20 token. Later it became the native token of the main blockchain of Binance Chain, as well as a cryptocurrency with great value internationally due to its market capitalization.
It has great value for trading and paying commissions on the Binance cryptocurrency exchange. It is also widely used today for the acquisition of all kinds of services and / or goods thanks to the trust generated in the market.
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Since the beginning of 2021 the Binance Coin (BNB) has increased in value to an approximate of $ 555 being thus today in the ranking # 3 in the prices of cryptocurrencies by market capitalization.
Conclution
Binance has become one of the most used cryptocurrencies thanks to its speed, reasonable price and availability for users, making its platform the largest exchange in the world, given its reputation and success, it manages to be one of the most reliable cryptocurrencies for the User
That's it, so concludes my research on Binance Coins (BNB), a greeting to the teachers and curators who gave the opportunity for this, thank you very much and a hug to all.
Hi @aboart
Thanks for your attendance and participation in the steemit Crypto Academy.
Feedback
You could do much more than this. Kindly put in more effort in your research study so that you can be able to provide more detailed information concerning what is required of you in the homework task. Otherwise thanks for the effort.
Homework task
5
Thank you very much for the observation, I will put more effort into the next tasks, greetings