BNB (BNB)
BNB

BNB

Platform and ecosystem token · 2017

BNB
SpotPerpetual

Key figures

ConsensusProof of Staked Authority (PoSA)
Max supplyStarted at 200,000,000, with a burn target of 100,000,000

Overview

BNB is the native token of BNB Chain, formerly BSC. It pays gas on that network and is also used for fee discounts and ecosystem programs on Binance-related products.

Highlights

  • BNB uses a quarterly Auto-Burn and the BEP-95 fee burn.
  • BNB Chain has a large number of daily active addresses and many deployed apps.
  • It is used both for on-chain activity and for payments and fee programs in the broader BNB ecosystem.

Token model

BNB started with 200 million tokens. Programmatic burns reduce supply toward a stated target of 100 million.

FAQ

How does the BNB burn work?

Auto-Burn uses a published formula based on the quarter’s average price and on-chain activity. The amount and the transactions can be checked on chain.