20q7

$BNB

BNB (Build and Build) is the native cryptocurrency of the BNB Chain, originally launched by Binance in 2017.

🔍 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)

💡 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

🔥 BNB Burn:

Binance conducts quarterly burns (auto-burn mechanism) to reduce the circulating supply until it reaches 100 million BNB.

📈 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