BNB (formerly Binance Coin) is the native utility and gas token of the BNB Chain ecosystem, which comprises BNB Smart Chain (BSC) and BNB Beacon Chain. Originally issued in 2017 as an ERC-20 token on Ethereum during Binance’s initial coin offering, BNB was later migrated to its own blockchain infrastructure. BNB Smart Chain uses a Proof of Staked Authority (PoSA) consensus model, allowing a limited set of 21 to 29 elected validators to produce blocks with short block times of approximately three seconds.<\/p>\n
BNB serves multiple roles within the Binance ecosystem: it is used to pay trading fees on the Binance exchange (with a discount), as gas on BNB Smart Chain, and as collateral in DeFi protocols built on the chain. Binance conducts quarterly token burns \u2014 destroying BNB based on trading volumes and a real-time auto-burn formula tied to BNB’s price \u2014 reducing total supply over time toward a target ceiling. Price drivers include Binance exchange trading volume, adoption of BNB Smart Chain DeFi applications, regulatory scrutiny of Binance, and general crypto market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"
BNB (formerly Binance Coin) is the native utility and gas token of the BNB Chain ecosystem, which comprises BNB Smart Chain (BSC) and BNB Beacon Chain. Originally issued in 2017 as an ERC-20 token on Ethereum during Binance’s initial coin offering, BNB was later migrated to its own blockchain infrastructure. BNB Smart Chain uses a \u2026<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"tmp_coingecko_id":"binancecoin","tmp_symbol":"BNB","tmp_rank":0,"tmp_chain":"","tmp_ticker":"","tmp_pair":"","tmp_yahoo_symbol":"","tmp_faq":"[{\"q\":\"What is BNB used for on Binance?\",\"a\":\"BNB holders receive a discount on trading fees on the Binance exchange. BNB is also used to participate in token sales on Binance Launchpad, pay for Binance services, and fund transactions and smart contract interactions on BNB Smart Chain as the network's gas token.\"},{\"q\":\"How does BNB's token burn work?\",\"a\":\"Binance implements a dual-burn mechanism. A quarterly burn destroys BNB proportional to trading activity, while a real-time auto-burn destroys tokens each block based on a formula tied to BNB's price. The total supply is being reduced from 200 million toward a long-term target of 100 million BNB.\"},{\"q\":\"Is BNB Smart Chain the same as Ethereum?\",\"a\":\"BNB Smart Chain is EVM-compatible, so developers can deploy Ethereum-compatible contracts and users can use MetaMask. However, BSC is a separate chain with different consensus (PoSA), a smaller validator set, and lower fees, which historically made it popular during periods of high Ethereum gas costs.\"},{\"q\":\"What are the risks of holding BNB?\",\"a\":\"BNB's value is closely tied to Binance's commercial fortunes and regulatory standing. Binance has faced enforcement actions in multiple jurisdictions. Validator concentration and exchange dependency are structural risks. Crypto assets including BNB are highly volatile. This is not financial advice u2014 independent due diligence is essential.\"}]"},"class_list":["post-1000037","coin","type-coin","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/events.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/coin\/1000037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/events.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/coin"}],"about":[{"href":"https:\/\/events.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/types\/coin"}],"wp:attachment":[{"href":"https:\/\/events.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/media?parent=1000037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}