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Binance Coin (BNB) is the cryptocurrency of Binance, one of the largest cryptocurrency exchanges in the world. The coin was designed to facilitate the trading process on Binance.
BNB was initially issued as an ERC-20 token on the Ethereum platform but has since migrated to BNB’s own blockchain. The original total supply of BNB was set at 200,000,000 coins, but through regular coin burn events (the ‘burning’ or destruction of coins to remove them from circulation), the supply gradually decreases, helping to maintain the coin’s value stability.
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