BNB

BNB

The native asset of the BNB Chain ecosystem, used for transaction fees, staking and participation in network governance.

WHAT IS BNB?

BNB is the native cryptocurrency of the BNB Chain ecosystem. Originally known as Binance Coin, it has developed beyond its initial exchange-related uses into an asset supporting blockchain applications. Its market value fluctuates, and it is not a stablecoin or a token redeemable for a fixed amount of money.

BNB SMART CHAIN

BNB Smart Chain, commonly called BSC, is a blockchain supporting smart contracts and applications compatible with the Ethereum Virtual Machine. Developers can build services such as decentralized exchanges, lending platforms, games and digital collectibles. BNB pays the network fees required to execute transactions and interact with these contracts.

Network fees are often called gas. A wallet may hold other tokens on BSC but still need a small BNB balance to move them or use an application. The fee depends on the transaction and prevailing network conditions. Receiving an unfamiliar token does not establish that it is legitimate or safe to interact with.

STAKING AND GOVERNANCE

BSC uses a Proof of Staked Authority consensus system. Validators participate in producing and validating blocks, while eligible holders can delegate BNB through the network's staking mechanisms. Staking connects token participation with network operation, but rewards and conditions depend on the validator and current protocol rules.

BNB also has a role in governance. The governance process allows eligible participants to help decide protocol changes and network parameters. Holding BNB on an exchange does not automatically provide the same participation as using the relevant on-chain staking and governance systems.

SUPPLY AND TOKEN BURNS

BNB has an Auto-Burn mechanism designed to reduce supply towards a target of 100 million BNB. A separate mechanism, introduced through BEP-95, burns a portion of transaction fees on BSC. These mechanisms operate differently and should be distinguished when reviewing changes in token supply.

Burning removes tokens from circulation, but a lower supply does not guarantee a higher market price. Demand, liquidity, network activity and wider market conditions also influence valuation. Burn announcements should therefore be understood as supply information, rather than predictions of investment performance.

BNB CHAIN AND BINANCE

BNB Chain and the Binance exchange are related through their history and ecosystem, but a blockchain transfer is different from an exchange account transaction. Self-custody wallets give users responsibility for their signing keys, while exchange balances depend on the platform's custody and withdrawal arrangements. BNB does not represent shares in Binance.

NETWORK USE AND RISKS

Before transferring BNB, confirm that the sending and receiving services support the same network. Similar addresses across compatible networks do not guarantee that an exchange will credit a deposit sent through the wrong one. Check the destination, network selection and any platform-specific requirements before proceeding.

BNB holders face price volatility, custody risks and potential losses from malicious applications or compromised wallets. Smart contracts can contain vulnerabilities, and staking can involve withdrawal conditions and validator risks. Blockchain transactions are generally irreversible. Official documentation and explorers help users understand network operations, but cannot eliminate these risks.

OFFICIAL RESOURCES

WHAT IS BNB?

Official information about BNB and its uses.

Explore BNB

BNB SMART CHAIN

Learn about the network and its applications.

Explore BSC