$BNB BNB (Build and Build) – Binance Coin Overview:

BNB is the native cryptocurrency of the Binance ecosystem, originally launched in 2017. It plays a central role in powering various services and products on the Binance platform, the world’s largest cryptocurrency exchange by volume.

🔹 Key Features of BNB:

1. Utility Token:

Used to pay trading fees on Binance at a discounted rate.

Can be used for staking, participating in token sales on Binance Launchpad, and paying for goods and services (via Binance Pay or third-party merchants).

2. BNB Chain (formerly Binance Smart Chain):

BNB powers the BNB Smart Chain (BSC), a fast and low-cost blockchain used for DeFi apps, NFTs, and more.

Developers use BNB to pay for gas fees on the chain.

3. Burn Mechanism:

Binance burns (destroys) BNB tokens regularly to reduce the total supply, aiming for a max supply of 100 million tokens.

This deflationary model supports BNB’s long-term value.

4. Ecosystem Integration:

BNB is integrated into multiple Binance products, including Binance Earn, Binance Card, Binance NFT, and Binance Launchpool.

🔸 BNB Tokenomics:

Total Supply: Initially 200 million (aiming to burn down to 100 million)

Current Circulating Supply: ~147 million (as of mid-2025)

Consensus Mechanism: Proof of Staked Authority (PoSA)

Ticker: BNB

🔹 Common Use Cases:

Trading fee discounts

Yield farming

Liquidity provision

Paying for travel, virtual goods, and services

GameFi and NFTs on BNB Chain

🔸 BNB Price Drivers:

Growth of Binance exchange

Activity on BNB Smart Chain

Frequency and size of BNB burns

Market demand and broader crypto sentiment