API ID:
binancecoin
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
BNB
Token
200 Million
Exchange discounts & network fees
July 2017
BNB
Binance Coin (BNB) began as a tool to give users discounts on the Binance exchange. Since 2019, it became the main token for the Binance Chain and BNB Chain, where it pays for transaction fees, powers smart contracts, and serves as a core currency across Binance's growing ecosystem.
A Deeper Dive
Technology & Use Case
BNB powers Binance’s own blockchains—Binance Chain and BNB Chain—which support smart contracts and decentralized apps (dApps). Users pay transaction fees, developers use it to build apps, and holders can participate in platform governance and ecosystem tools.
Origins & Team
Launched in July 2017 with an ICO that raised about $15 million, BNB initially ran on Ethereum. In 2019, it moved to Binance’s own blockchains. The project was founded by Changpeng Zhao (CZ) and Yi He, with tokens allocated to the founding team, investors, and early users.
Ecosystem & Token Mechanics
BNB uses a burn mechanism—Binance buys and destroys tokens each quarter using platform revenue. This creates scarcity over time, helping support BNB’s value. The token also powers payments, travel bookings, and governance across Binance’s expanding Web3 systems.
A Deeper Dive
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