BNB (Build and Build), formerly known as Binance Coin, is one of the most powerful and widely used utility tokens in the crypto space. Launched in 2017, BNB fuels the Binance ecosystem, which includes the world's largest crypto exchange, DeFi platforms, NFTs, and now even its own Layer-1 blockchain: BNB Smart Chain.
🔗 Core Use Cases
BNB isn’t just a coin—it’s a full ecosystem utility token. Here’s what you can do with it:
Pay trading fees on Binance (with a 25% discount)
Participate in token launches via Binance Launchpad
Use in DeFi protocols on BNB Smart Chain (BSC)
Pay for goods & services (via crypto payment gateways)
Earn passive income through staking and farming
🔥 BNB Smart Chain (BSC)
Fast & Low Fees: Ideal for DeFi, gaming, and dApps
Home to 1000s of projects including PancakeSwap, Venus, etc.
EVM-compatible: Developers can easily migrate Ethereum dApps to BSC
📉 Burn Mechanism
BNB has a deflationary model:
Quarterly burns remove a portion of supply based on trading volume
Over 50 million BNB will eventually be burned (50% of total supply)
Introduced BEP-95 to burn a portion of gas fees in real-time
📊 Market Snapshot (as of July 18, 2025)
Price: ~$740
Market Cap: ~$88 billion
Rank: #4 on CoinMarketCap
24h Volume: ~$1.2 billion
Circulating Supply: ~153 million BNB
🚀 Growth & Innovation
Binance continues expanding BNB’s utility:
Binance Pay for global transactions
BNB Chain 2.0 for scaling the network
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