The Binance Users Seminar
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BNB (Binance Coin)
BNB (formerly known as Binance Coin) stands for "build and create". Along with adding to BNB's on-chain transactions (similar to gas on Ethereum), BNB also acts as a token of governance. Holding BNB gives you the right to make your voice heard and is necessary to participate in the decentralized management of the BNB chain. This name change also brings more benefits to users, projects and developers who join the BNB chain community. Over the past year, the community has introduced many technical improvements for progressive decentralization . BNB has multiple additional use-cases, as it offers trading discounts on Binance.com, can be used as a payment asset on third-party services and entails participation rights for Binance Launchpad. We will then analyze the data in order to better understand to what extent BNB provides further diversification to an investor’s portfolio. The BNB portfolio performs better than both the benchmark and the BNB + USDT in terms of both,...
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