BNB Price (BNB)
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About BNB
The native token of the Binance exchange and BNB Chain ecosystem.
BNB is the cryptocurrency launched by Binance in 2017 to power its exchange ecosystem and the BNB Chain (formerly Binance Smart Chain). Originally an ERC-20 token on Ethereum, BNB migrated to its own blockchain. The token gives holders trading-fee discounts on Binance and is the gas currency for BNB Chain — a fast, cheap, EVM-compatible network used heavily for DeFi and gaming.
BNB is used to pay transaction fees on the BNB Chain, settle trading-fee discounts on the Binance exchange, participate in Binance Launchpad token sales, and stake for validator rewards. Binance has performed periodic token burns since launch, reducing supply over time.
Key facts
| Category | Exchange Token / Smart Contract Platform |
| Launched | 2017 |
| Consensus | Proof of Staked Authority (BNB Chain) |
| Supply | Originally 200M; supply reduced by quarterly burns. Currently around 145M and decreasing. |
| Founder | Changpeng Zhao (CZ) and the Binance team |
| Official site | https://www.bnbchain.org |