Everything You Need To Know About Binance Coin (BNB), Solana (SOL) and Mushe (XMU)

The cryptocurrency space is filled with thousands of alternatives of coins and tokens that promise to reward users. However, not all of them manage to meet up with this expectation. As a result, knowledge is crucial to success in the cryptocurrency market. It’s essential that you know what you’re up for before getting involved in it.

By learning all the essential details about any token, you can know what to expect from them in the future. You’ll also be aware of its utility and any potential development that’s set to occur in the future. Binance Coin (BNB), Solana (SOL) and Mushe (XMU) are some of the best crypto tokens in the modern-day financial market. This piece will take a look at each of these tokens to find out what makes them special.

Binance Coin (BNB)

Binance Coin (BNB) is the official cryptocurrency of the Binance exchange and is traded by using the BNB symbol. In 2017, this token was designed to help traders on the platform in discounting their fees. But today, there are numerous applications of this token including a store of value, online services, travel bookings, financial services, and so on. When the Binance coin was developed, it was initially hosted on the Ethereum network. But now, it’s found on a native crypto blockchain.

Binance is currently one of the largest crypto exchanges around the world. So, it’s easy to imagine that there is a near-unlimited amount of BNB tokens. But that’s not the case. The development team of this cryptocurrency offered only 100 million tokens to members of its community. However, they use profits earned from the accumulation of transaction fees and an increase in coin price to burn some of the Binance Coins held in a treasury. This burning operation usually occurs every quarter. It’s done to reduce the total circulation of the token and ensure an increase in the coin’s valuation due to scarcity.

Solana (SOL)

Solana (SOL) is one of the newest names in the crypto space. Many have touted Solana as the cryptocurrency to replace Ethereum. While the coin already promises so much, it still has a long way to go. Solana is a blockchain network that’s designed to host decentralised applications. This cryptocurrency was founded by the Solana Foundation in 2017. This cryptocurrency is run with a proof-of-stake technology, along with proof-of-work. One of the main benefits that Solana offers over Ethereum’s network is a faster transaction speed. There are reports that Solana can process as many as 50,000 transactions per second. SOL is the native token of the Solana blockchain. It serves as a means of exchange and allows users to earn staking rewards.

Many crypto investors, traders and enthusiasts were excited about the potential benefits of the Solana coin. As a result, the price of the cryptocurrency rose by almost 12,000%. Another interesting benefit of the Solana protocol is its cheaper transaction fees. By being able to process transactions quickly, lesser resources are spent on them. Therefore, users are charged lesser fees as compensation.

Mushe (XMU)

Mushe (XMU) is a cryptocurrency that will serve as the utility and governance token to the Mushe ecosystem – also known as MusheVerse. The purpose of this cryptocurrency will be to facilitate P2P interaction, community governance, earn rewards, etc. The development team of the token are also on a mission to increase cryptocurrency adoption worldwide. It’s currently working on providing more people with access to its digital assets.

Mushe, also known as XMU, is currently built on the Ethereum protocol. However, there are plans to migrate to the Stellar blockchain in future to enjoy better speed, lesser transaction fees, and access to financial services. There’s a total supply of 777,000,000 XMU tokens.

The Mushe presale has already begun. Do you want to be a part of it? Click on the link below. The social media links will also help you stay in contact with the development team.

Official Website: https://www.mushe.world/
Presale Registration: https://portal.mushe.world/sign-up
Telegram: https://t.me/MusheWorldXMU

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