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.
Basics
SymbolBNB
Launch year2017
ConsensusProof of Staked Authority (PoSA)
Max supplyStarted at 200,000,000, with a burn target of 100,000,000