“Jager” refers to the smallest denomination of Binance Coin (BNB). Similar to how a cent is the smallest unit of a dollar, a Jager is the smallest unit of BNB. One Jager is equal to 0.00000001 BNB. The term “Jager” was named after the Telegram handle of the then Binance’s Community Manager, Jager.

Just like any other cryptocurrency, BNB can be divided into smaller units to facilitate smaller transactions. The divisibility of a cryptocurrency is determined by its decimal places. BNB has 8 decimal places, meaning it can be divided into 100 million Jagers. This divisibility is important for making smaller transactions, such as paying for fees or tipping content creators.

The use of Jagers is particularly common when dealing with transaction fees on the Binance Coin Blockchain. Transaction fees are typically denominated in Jagers, and the amount of Jagers required for a transaction will vary depending on the complexity of the transaction.

While Jagers are not as commonly used as whole BNB units, they play an important role in the Binance Coin ecosystem by facilitating smaller transactions and providing increased precision for fee calculations.

Here’s a summary of Jager

• Jager is the smallest denomination of Binance Coin (BNB).

• One Jager is equal to 0.00000001 BNB.

• Jagers are used for smaller transactions and fee calculations.

• Jagers are named after the Telegram handle of the then Binance’s Community Manager, Jager.