Binance Smart Chain Reaches $12M Staked BNB

On Sunday, Binance Smart Chain (BSC) announces that they reached 12 million staked $BNB on their platform. According to bscscan, the BSC built by team Etherscan, the latest staking record reached 12 million.

Thus, BSC expresses its gratefulness on Twitter saying,

In line with this, the community celebrates this achievement. Some Twitter users responded to this announcement and one said BSC is really dedicated to their work. He expressed his amusement, saying he is amazed by their approach to supporting their community. Furthermore, the BNB is not only a meme token and everyone sees it as a ‘big bull’.

Currently, BNB is trading at $303.69 with a 24-hour trading volume of $1,409,560,893. Although Binance Coin is 0.19% down in the last 24 hours, its crypto ranking in most of the exchanges remains on the top.

Of note, as BNB is the native coin of the Binance Smart Chain, it has several use cases. These use cases include fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more.

Apart from this, with staking, users don’t need to manage private keys, acquire resources, make trades, or perform other complicated tasks. Notably, Binance’s one-stop service allows users to obtain generous online rewards without having to keep an on-chain wallet.