$BNBChainmeme Binance Coin (BNB) is a cryptocurrency that can be used to pay for fees and trade on the Binance cryptocurrency exchange. It's also used to power the BNB Chain ecosystem.

Features

Initial supply: 200 million coins

Current supply: Decreasing due to coin burns

Consensus mechanism: Uses Proof of Stake (PoS) and Proof of Authority (PoA)

Coin burn mechanism: Periodically removes tokens from circulation to maintain value

Applications: Paying for fees, participating in token sales, staking, voting, shopping, booking travel, and more

History