#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_TBAP9BNB (Build and Build) is the native cryptocurrency of the BNB Chain, originally launched by Binance in 2017.
š Key Facts About BNB:
Ticker: BNB
Initial Name: Binance Coin
Current Name: Just BNB (after rebranding)
Blockchain: BNB Chain (consists of BNB Beacon Chain and BNB Smart Chain)
Initial Launch: 2017 via ICO
Max Supply: 200 million (with periodic burns to reduce supply)
š” Main Uses of BNB:
Trading Fee Discounts on Binance Exchange
Gas Fees on BNB Smart Chain (like ETH on Ethereum)
Payments: Accepted by many merchants and platforms
DeFi & dApps: Used across DeFi apps built on BNB Chain
Token Sales: Used in Binance Launchpad/Launchpool
Staking & Yield Farming
š„ BNB Burn:
Binance conducts quarterly burns (auto-burn mechanism) to reduce the circulating supply until it reaches 100 million BNB.
š Market Position (as of July 2025):
Top 5 crypto by market cap
Heavily integrated in Binance's ecosystem, including Binance Pay, Binance NFT, and more
