BNB is Binance's platform token with extensive applications across the Binance ecosystem. sign up for Binance and download the Binance APP to experience BNB's various uses.
Basic Info
Originally issued in 2017 with a total supply of 200 million, BNB migrated from Ethereum to Binance's own BNB Chain. It's currently a top-5 cryptocurrency by market cap.
BNB Uses
Fee Discount
Pay trading fees with BNB for a 25% discount — significant savings for active traders.
Launchpad Participation
Hold BNB to participate in new token launches (IEOs) on Binance Launchpad, which often see strong initial performance.
BNB Chain Ecosystem
BNB Chain hosts thousands of DeFi, NFT, and GameFi projects. BNB is the native token for gas fees.
Payments
Supported at select merchants and via Binance Card for global spending.
Burn Mechanism
Binance regularly burns BNB to reduce supply:
- Quarterly burns: Based on platform profits
- On-chain burns: Part of gas fees are burned
Decreasing supply theoretically supports price.
Is BNB Worth Buying?
BNB's value is tied to Binance's success. Strong fundamentals include:
- Real utility (fee discounts)
- Launchpad demand drives holding
- Growing BNB Chain ecosystem
- Supply reduction through burns
Like all crypto, BNB carries market and regulatory risks. Do your own research before investing.
Summary
BNB is the core token of the Binance ecosystem — used for fee discounts, Launchpad access, and BNB Chain gas. As the leading exchange's platform token, it holds a significant position in crypto.