What is BNB?

BNB is the native cryptocurrency of the BNB Chain ecosystem and Binance exchange, launched in 2017. Originally created as a utility token for trading fee discounts on Binance, BNB has evolved into a multifaceted digital asset powering one of the largest blockchain ecosystems.

Key Features:

• Dual-Chain Architecture: BNB Chain and BNB Beacon Chain working together

• Trading Benefits: Discounted trading fees on Binance exchange

• Token Burns: Quarterly burns reducing supply toward 100 million BNB

• Smart Contracts: EVM-compatible BNB Smart Chain for dApps

• High Performance: Fast block times and low transaction fees

BNB Use Cases

BNB serves multiple purposes across the Binance ecosystem and beyond:

• Exchange Operations: Trading fee discounts, token launchpad participation, and Binance ecosystem services

• DeFi Applications: Collateral, liquidity provision, yield farming, and lending on BNB Chain's DeFi protocols

• Gas Fees: Transaction fees for operations on BNB Smart Chain

• NFT Marketplace: Minting, buying, and selling NFTs on BNB Chain platforms

• Gaming and Metaverse: In-game currency and virtual world economies

• Payments: Merchant payments and money transfers through various services

BNB Market Position

BNB consistently ranks among the top five cryptocurrencies by market capitalization. The Binance ecosystem's growth, combining the world's largest crypto exchange with a thriving blockchain platform, drives BNB's value proposition and adoption.

Ecosystem Scale: Binance is the largest cryptocurrency exchange by trading volume, with hundreds of millions of users worldwide. The BNB Chain hosts thousands of dApps, particularly in DeFi and gaming sectors, with billions in total value locked.

BSC Adoption: BNB Smart Chain became a popular alternative to Ethereum due to low fees and fast transactions, attracting developers and users seeking affordable DeFi access. Major protocols have deployed on BSC.

Deflationary Model: BNB implements auto-burn mechanisms and quarterly burns based on trading volume, steadily reducing total supply. The burn will continue until 50% of the total supply (100 million BNB) remains, creating scarcity over time.