All About BNB

Main Information About BNB

Token Name	BNB (Binance Coin)
Ticker	BNB
Category	Exchange utility / Smart-chain native token
Founder(s)	Binance – Changpeng Zhao (CZ), Yi He
Blockchain	BNB Chain (Beacon Chain + BNB Smart Chain)
Consensus	PoSA (Proof-of-Staked Authority) on BSC; Tendermint BFT + DPoS on Beacon Chain
Launch Date	ICO: Jun 26 – Jul 3, 2017 · Mainnet: Apr 18, 2019 · BSC: Sep 1, 2020
Explorer	BscScan
Supply	Initial: 200M BNB → reduced by quarterly burns; Current ≈147M (target: 100M)

What Is BNB Coin?

BNB (originally Binance Coin) is the native cryptocurrency of BNB Chain, a blockchain ecosystem launched by Binance in 2017. 

It began as an ERC-20 token on Ethereum, but later migrated to its own blockchain infrastructure to support faster transactions and broader applications. 

Today, BNB fuels both BNB Beacon Chain (governance and staking) and BNB Smart Chain (BSC), which enables smart contracts and decentralized applications (dApps).

BNB on Beacon Chain vs Smart Chain: Key Differences

BNB plays a dual role within the BNB Chain ecosystem, supporting governance and staking on Beacon Chain while powering fast, low-cost transactions on Smart Chain. The table below highlights the main differences and functions of BNB across both chains:

Aspect	BNB Beacon Chain	BNB Smart Chain (BSC)
Main Function	Governance and staking	Gas fees for transactions and smart contracts
Consensus	PoSA is a hybrid model that combines staking with authority validated by trusted nodes, while Tendermint BFT + DPoS ensures speed and community participation	Proof-of-Staked Authority (PoSA)
BNB Usage	Delegating tokens to validators and voting on upgrades	Paying fees to run dApps, DeFi protocols, and NFTs
Ecosystem Role	Secures the network and enables community governance	Powers decentralized applications and GameFi projects
User Benefit	Earn rewards, influence decisions, and secure the chain	Fast, low-cost transactions and scalable dApp usage

Why Was BNB Created?

BNB was launched through an ICO in July 2017 to support the growth of the Binance exchange. Its main purpose at launch was:

• Offering discounted trading fees for Binance users.
  
• Funding the development of Binance’s exchange and ecosystem.

Over time, BNB evolved into a multi-utility asset powering not only Binance services but also the BNB Chain, which today supports DeFi, NFTs, and payments.

How BNB Works?

BNB serves as a multi-functional utility token:

1. On Binance Exchange

BNB started as the native token of the Binance exchange. Users can pay trading fees with BNB instead of other assets.

By doing this, they receive discounts on spot, margin, and futures trades. This creates a direct incentive to hold BNB if you are an active Binance trader.

2. On the BNB Chain

BNB powers the BNB Smart Chain (BSC) and BNB Beacon Chain. It works the same way ETH is used on Ethereum — as “gas” to process transactions and execute smart contracts.

Any decentralized application (DeFi, NFT marketplace, GameFi) running on the BNB Chain needs BNB for fees. Developers must hold BNB to deploy contracts, and users need it for every interaction (swaps, staking, lending, etc.).

3. Governance and Participation

BNB is also a governance token:

Holders can vote on proposals that affect the ecosystem, such as upgrades or new features on the BNB Chain. This makes the community more involved, giving users a voice in the evolution of the network.

4. Deflationary Tokenomics

BNB uses a burning mechanism to control supply:

Quarterly Burns: Binance uses part of its revenue to buy back and permanently burn BNB. BEP-95 Mechanism: A portion of gas fees from every transaction is automatically burned in real time.

These mechanisms reduce total supply over time, targeting a max supply of 100 million BNB. This deflationary approach is designed to increase scarcity and support long-term value.

Key Features of BNB

BNB has grown into more than just an exchange token. Its key features include:

1. Multi-Chain Integration

BNB isn’t tied to a single chain.

• BEP-2 (BNB Beacon Chain): Handles governance, staking, and token management.
  
• BEP-20 (BNB Smart Chain): Supports smart contracts, dApps, and DeFi.
  This dual-chain setup allows BNB to cover both governance + staking (Beacon) and programmability + scalability (Smart Chain), giving developers and users flexibility.

2. Low Fees & High Speed

BNB Smart Chain is optimized for efficiency.

• Transaction costs are much lower than Ethereum’s gas fees, often just a few cents.
  
• Blocks are produced every 3 seconds, compared to Ethereum’s 12-second average, meaning faster confirmations.
  This makes BNB attractive for everyday DeFi transactions, swaps, and NFT trading.

3. Deflationary Model

BNB employs automatic and quarterly token burns.

• Quarterly Burns: Binance uses trading revenue to buy back and permanently destroy BNB.
  
• BEP-95 Burns: A percentage of gas fees is continuously burned in real time.
  The long-term goal is to reduce the total supply from 200 million to 100 million BNB, making the token increasingly scarce over time.

4. Ecosystem Growth

BNB has expanded far beyond exchange discounts:

• DeFi Apps: Lending, borrowing, and yield farming on platforms like Venus or PancakeSwap.
  
• NFT Marketplaces: Buying, minting, and trading NFTs with low fees.
  
• Launchpad Projects: New crypto projects raise capital through Binance Launchpad, requiring BNB participation.
  
• Liquidity Pools & Payments: Used in liquidity mining and accepted by merchants for direct payments.

This growth positions BNB as the backbone of Binance’s ecosystem, touching CeFi, DeFi, NFTs, and real-world payments.

BNB Use Cases

BNB has evolved into one of the most versatile cryptocurrencies in the market. Originally created to provide fee discounts on the Binance exchange, it now supports a wide range of applica tions across the BNB Chain ecosystem and beyond. Here are the main use cases:

1. Trading Fee Discounts

On Binance Exchange, users can pay trading fees with BNB and receive discounts. This was the token’s first and most popular utility, making it attractive for frequent traders and investors.

2. Transaction Fees on BNB Chain

BNB acts as gas on the BNB Smart Chain (BSC), covering the cost of transactions and smart contract executions. 

Beyond basic functions like transaction fees and staking, BNB has expanded into areas such as NFTs, GameFi, and real-world payments.

3. Governance and Staking

On the BNB Beacon Chain, BNB holders can delegate tokens to validators, participate in securing the network, and vote on governance proposals. This allows users to shape the direction of the ecosystem while earning rewards.

4. Participation in Token Sales

BNB is widely used in Binance Launchpad token sales, giving holders access to early-stage projects. This makes it a gateway to new investment opportunities.

5. Payments and Merchant Adoption

BNB can be used for real-world payments through merchant integrations. It’s accepted for travel bookings, online shopping, and even debit card services linked to Binance Pay.

6. DeFi and dApps

Thousands of decentralized applications, from lending platforms to decentralized exchanges like PancakeSwap, rely on BNB for liquidity, rewards, and fees.

7. NFTs and GameFi

BNB powers NFT marketplaces and GameFi projects on BNB Smart Chain, where users can mint, buy, and sell NFTs or interact with play-to-earn ecosystems.

Market Role and Adoption

BNB has established itself as a top-tier cryptocurrency by market capitalization, usually ranking in the top 5 coins globally. Its adoption is driven by:

• DeFi Activity: BNB Smart Chain hosts thousands of dApps, from decentralized exchanges (DEXs) like PancakeSwap to NFT marketplaces.
  
• Low Transaction Costs: BSC offers cheaper fees compared to Ethereum, making it attractive for both developers and users.
  
• Wider Utility: Partnerships with travel platforms, payment gateways, and financial services have extended BNB beyond crypto trading.
  
• Institutional Interest: The token’s structured burning and strong liquidity make it appealing for funds seeking exposure to exchange-based tokens.

Advantages of BNB

• Strong Ecosystem Support: Backed by Binance, the world’s largest crypto exchange.
  
• Scalability: High throughput on BSC compared to other networks.
  
• Deflationary Model: Token burns gradually increase scarcity.
  
• Multi-Purpose Utility: From trading to governance to payments.

Risks and Considerations

While BNB plays a critical role in crypto markets, investors and users should be aware of potential risks:

• Regulatory Scrutiny: As Binance faces regulatory actions globally, BNB is directly impacted.
  
• Centralization Concerns: Despite its decentralized ambitions, Binance still exerts significant influence.
  
• Competition: Ethereum, Solana, and other smart contract platforms continue to challenge BNB’s market share.

BNB Tokenomics

1. Overview

• Token Symbol: BNB
  
• Blockchain: BNB Chain (anteriormente Binance Smart Chain), baseada em um modelo PoSA (Proof of Staked Authority)
  
• Utility: Usada para pagar tarifas atenuadas em exchanges Binance, operar como combustível das transações na BNB Chain e participar de staking/governança.

2. Allocation and Supply

• Total Supply: 139 a 140 milhões de BNB.
  
• Circulating Supply: Aproximadamente 139 a 145 milhões — é praticamente a totalidade do supply.
  
• Supply Allocation: Todos os BNB foram pré-mined no lançamento. A Binance queima tokens periodicamente com o objetivo de reduzir o total circulante para cerca de 100 milhões.

3. Utility and Rewards

• In-Blockchain Use: O BNB facilita a execução de transações, criação de dApps, emissão de tokens e funciona como moeda de gas para a BNB Chain.
• Staking: Sim — detentores podem participar da rede e ajudar na validação dos blocos (staked authority).
• Governance: BNB permite voto em decisões de protocolos na BNB Chain, funcionando como um token de governança.

4. Economic Model

• Deflationary Mechanisms: Sim — mecanismo de queima automática trimestral e queima em tempo real de parte das taxas (via BEP-95). O objetivo é reduzir o total para 100 milhões de BNB.
  
• Reward Distribution: As recompensas provêm de atividades de staking e da valorização causada pela redução de oferta. Não há programas adicionais diretos de distribuição de recompensas.

5. Market Performance (dados mais recentes)

Com base em dados consolidando múltiplas fontes:

• Preço atual: Entre US$ 846 e US$ 850
  
  • CoinMarketCap: cerca de US$ 847.53
    
• Capitalização de mercado: Entre US$ 117,8 e US$ 123,5 bilhões
  
  • CoinMarketCap: ~US$ 117,97 bilhões
    
• Circulating Supply: ~139–146 milhões de BNB
  
• Volume 24h: De cerca de US$ 0,6 a US$ 2,7 bilhões
  
  • CoinStats: ~US$ 2,74B
    
  • Ledger informa US$ 963M
    
• All-Time High: ~US$ 899.70, registrado em 22 de agosto de 2025
  
• All-Time Low: Aproximadamente US$ 0,04 a US$ 0,096, registrado em agosto de 201

How to Store and Use BNB Safely with Klever Wallet

BNB remains among the leading assets in the market, supported by the Binance ecosystem and its deflationary model. To use it securely, self-custody solutions like Klever Wallet provide convenience and protection.

Why Use Klever Wallet for BNB?

• Multi-chain support for 1,200+ assets across 40+ blockchains.
  
• Swap BNB with other tokens instantly inside the app.
  
• Buy/sell BNB with integrated fiat gateways.
  .

Klever Wallet combines security + convenience, making it ideal for both new and advanced BNB holders.

Download Klever Wallet now and explore BNB the Klever way.