What is BNB?
BNB is the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world’s most popular utility tokens, not only can you trade BNB like any other cryptocurrency, you can also use BNB in a wide range of applications and use cases.
Benefits of BNB
Use BNB to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales and more.
Learn more about BNB and start saving on trading fees.
BNB Burns
BNB uses an Auto-Burn system to reduce its total supply to 100,000,000 BNB. The BNB Auto-Burn mechanism adjusts the amount of BNB to be burned based on BNB’s price and the number of blocks generated on BNB Smart Chain (BSC) during the quarter. This offers greater transparency and predictability to the BNB community.
BNB lost in eligible cases can also be reimbursed through the BNB Pioneer Burn Program. This counts users’ lost coins towards the official burn count and reimburses them with BNB.
BNB additionally uses a real-time burning mechanism based on gas fees. A fixed ratio of the gas fee collected is burned in each block, with the ratio decided by BSC validators.
You can learn more about BNB burns at https://www.bnbburn.info/.
BNB Price Live Data
- Volume 24h: $ 233,056,919
- Market cap: $ 32,418,469,857
- Supply: 153,856,150 BNB
- Max supply: 153,856,150 BNB
- 1h %: decreased -0.10%
- 24h %: decreased -0.21%
- 7d %: decreased -1.72%
- 30d %: decreased -4.06%
- All time high: $ 686.31
- All time high %: 69.30%
- All time high date: May 10, 2021
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