What is BNB?
Binance Coin (BNB) is the native cryptocurrency of Binance, the world's largest cryptocurrency exchange by daily trading volume. Launched in July 2017, Binance has built a comprehensive ecosystem that includes:
- Binance Chain (the foundational blockchain)
- Binance Smart Chain (a parallel blockchain supporting smart contracts)
- Trust Wallet (official mobile wallet)
- Binance Academy (educational platform)
- Various research initiatives leveraging blockchain technology
BNB serves as the fuel for this ecosystem, enabling transactions, powering decentralized applications, and providing utility across Binance's services.
👉 Discover how BNB powers the Binance ecosystem
Founders of BNB
Changpeng Zhao (CZ)
- Binance CEO and founder
- Former Bloomberg tradebook futures developer
- Blockchain developer since 2013
- Founded BijieTech in 2015 before launching Binance
He Yi
- Binance co-founder and CMO
- Former TV host and OKCoin co-founder
- Joined forces with CZ in 2017 to establish Binance
Key Features of BNB
- Multi-chain functionality: Originally an ERC-20 token, now native to Binance Chain
- Transaction fee discounts: Up to 25% discount when paying Binance fees with BNB
- Governance rights: BNB holders can participate in network decisions
- Staking rewards: Earn passive income through various staking programs
BNB Auto-Burn Mechanism
Binance employs two burn mechanisms:
- Transaction fee burns: Portion of BNB used for chain fees gets burned
Quarterly auto-burns: Calculated based on:
- BSC block production
- BNB's average price that quarter
As of latest data:
- Total burned: 38+ million BNB
- Current circulating supply: ~140 million BNB
- Target max supply: 100 million BNB
BNB Market Data (2025)
| Metric | Value |
|---|---|
| Current Price | $663.26 |
| Market Cap | $93.44B |
| Circulating Supply | 140.89M BNB |
| All-Time High | $690.93 |
| All-Time Low | $0.096 |
Security Features
BNB is secured through:
- Tendermint Byzantine Fault Tolerance (BFT) consensus
- Regular security audits
- Multi-signature wallet technology
- Continuous network monitoring
Where to Buy BNB
BNB is available on:
- Binance Exchange (native platform)
- Major centralized exchanges
- Decentralized exchanges supporting BSC
- Peer-to-peer trading platforms
FAQ Section
Is BNB a good investment?
BNB has demonstrated strong utility and consistent burns, making it attractive for long-term holders. However, all crypto investments carry risk—consider your financial goals and risk tolerance.
How does BNB differ from Bitcoin?
While Bitcoin is purely a store of value, BNB offers utility across Binance's ecosystem, including transaction fee discounts and governance rights.
What determines BNB's price?
Factors include:
- Binance ecosystem growth
- Crypto market trends
- Burn rate effectiveness
- Adoption of Binance Smart Chain
👉 Learn advanced BNB trading strategies
Can I stake BNB?
Yes, through:
- Binance Earn programs
- BSC validator nodes
- DeFi platforms supporting BNB
How often does Binance burn BNB?
Quarterly automatic burns, with occasional additional burns based on network activity.
What's BNB's maximum supply?
The target is 100 million BNB, reduced from the original 200 million through burns.
Future Outlook
BNB continues to evolve with:
- Expanded DeFi integrations
- NFT marketplace support
- Cross-chain interoperability developments
- Ongoing ecosystem partnerships
The Binance team remains committed to enhancing BNB's utility while maintaining its deflationary burn mechanism—a combination that positions BNB uniquely in the cryptocurrency landscape.