$BNB was introduced through an Initial Coin Offering (ICO) in July 2017, originally as an ERC-20 token on the Ethereum network[(1)](https://www.bnbchain.org/en/blog/bnb-token-use-cases-defi-cefi-and-payfi)[(2)](https://www.bnbchain.org/en/blog/addressing-bnb-use-cases-total-supply-and-consumption). With the launch of BNB Chain in April 2019, BNB transitioned to its native chain[(1)](https://www.bnbchain.org/en/blog/bnb-token-use-cases-defi-cefi-and-payfi)[(3)](https://www.bnbchain.org/en/blog/29th-bnb-burn)[(2)](https://www.bnbchain.org/en/blog/addressing-bnb-use-cases-total-supply-and-consumption). BNB has evolved from a utility token providing transaction fee discounts and platform benefits to a core asset in a decentralized, community-driven ecosystem, supporting governance, staking, and powering decentralized applications across BNB Smart Chain (BSC), opBNB, and BNB Greenfield[(1)](https://www.bnbchain.org/en/blog/bnb-token-use-cases-defi-cefi-and-payfi)[(3)](https://www.bnbchain.org/en/blog/29th-bnb-burn)[(2)](https://www.bnbchain.org/en/blog/addressing-bnb-use-cases-total-supply-and-consumption)[(4)](https://docs.bnbchain.org).
BNB is used for transaction fees, staking, governance, storage services, and as a gas token across the BNB Chain ecosystem[(5)](https://docs.bnbchain.org/bnb-greenfield/core-concept/bnb-token-model)[(1)](https://www.bnbchain.org/en/blog/bnb-token-use-cases-defi-cefi-and-payfi)[(3)](https://www.bnbchain.org/en/blog/29th-bnb-burn)[(2)](https://www.bnbchain.org/en/blog/addressing-bnb-use-cases-total-supply-and-consumption)[(4)](https://docs.bnbchain.org). The token’s supply is managed through mechanisms like quarterly auto-burns and real-time burns based on gas fees, aiming to reduce the total supply to 100 million BNB[(3)](https://www.bnbchain.org/en/blog/29th-bnb-burn)[(2)](https://www.bnbchain.org/en/blog/addressing-bnb-use-cases-total-supply-and-consumption). BNB’s role continues to expand into DeFi, payments, AI, decentralized storage, and real-world applications[(1)]
"Follow Me " More Details.
