The smallest denomination of Binance Coin (BNB) is called Jager.
What Is Jager?
For example, Satoshi is the smallest denomination or unit of a Bitcoin (BTC). It is named after the Telegram handle of the then Binance’s Community Manager, Jager.
1 Jager = 0.00000001 BNB
Cryptocurrencies are digital assets created from lines of code, which you can divide into smaller parts.
Why does it matter?
Cryptocurrencies carry similar characteristics to gold – it’s valuable and has a finite supply. However, unlike gold, cryptocurrencies can be divided into smaller parts to make them more manageable and easier to spend.
The value of coins in circulation is also affected by how many decimal places are used. Some cryptocurrencies have only two decimal places while others have eight decimal places. For example:
Bitcoin has an additional zero at the end so it has two more decimal places than Litecoin (eight) and four more than Dogecoin (six). This means that the price of Dogecoin doesn’t need to increase as much as Bitcoin or Litecoin to achieve the same value.