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• By 2017 only, it made a growth of almost 22,000% in a few months.
• It is capable of processing up to 1.4 million transactions per second.
• It has a maximum supply of 200 million Binance Coins.

Binance Coin was launched in July 2017. It was initially created as a utility token for discounted fees. BNB can be used to pay at several online billings. It was based on Ethereum Blockchain until 2019, when it devised its own Binance Blockchain. This made BNB faster, better, and cheaper than the now rival Ethereum. After its launch, it paved the way for the momentum of the Binance exchange, where investors began looking for options to invest, and its user base skyrocketed.

• It can be used to make several purchases online via shopping, entertainment, etc.

• Although it is a non-open-source, it has become the largest non-open-source cryptocurrency in the world.
• It partners with Uplive that is Asia’s premiere high-end live video stream, and also has excellent corporate backing.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.