My Crypto Learning Journey
#9 – Binance Coin (BNB)
$BNB is the native token of Binance, one of the world’s largest cryptocurrency exchanges. It’s used across the BNB Chain ecosystem for fees, apps, and governance.
Originally launched on Ethereum, BNB now runs on its own blockchain and plays a central role in Binance’s ecosystem.
Key Facts:
- Token: BNB (Binance Coin)
- Max supply (capped): 200 million BNB
- Circulating supply (mid-2025): ~147 million BNB
- Launch year: 2017 by Binance
What You Can Do with BNB:
- Pay trading fees on Binance with a discount
- Stake BNB to earn rewards or validate transactions
- Join token launches via Binance Launchpad
- Use BNB in dApps, games, and DeFi platforms on BNB Chain
- Pay for goods/services in supported platforms (e.g., travel, e-commerce)
Real-World Uses:
- Trader Joe (DeFi) and PancakeSwap use BNB for transactions
- Games and NFT platforms built on BNB Smart Chain
- Used in collaboration with Binance Pay in Bhutan
- Popular choice for airdrops and community rewards
Real-World Analogy: Think of BNB like a VIP membership card at a giant shopping mall (Binance). You get discounts, access to private sales, and can use it at multiple shops (apps and dApps).
Plus, every quarter, some of these VIP cards get destroyed—making the remaining ones more valuable after a period of time.