Binance Coin
BNB
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132.89K
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1.02K
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343
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178
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Binance Coin Info
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BNB has the highest market capitalization in CEX tokens. It is created by Binance, one of the world's leading cryptocurrency exchanges.Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but migrated to Binance's proprietary blockchain, Binance Chain, in 2019.
BNB is unique due to its utility and integration within the Binance platform. Users can use BNB to pay for trading fees on the exchange, participate in token sales on Binance Launchpad, and make in-store payments where it's accepted. Moreover, BNB is the native token of Binance Smart Chain (BSC), a blockchain platform for developing decentralized applications (DApps) and DeFi protocols.
In June 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, its CEO Changpeng Zhao, and two other affiliated subsidiaries. The defendants are accused of violating a series of securities laws, including illegal transfer of customer funds, violation of U.S. securities trading rules, operating illegal trading platforms, concealment, and fraud. At the same time, BNB was listed as a security by the SEC, which caused BNB's market value to drop by more than 20% on that day, and it has not recovered so far.
Above are only for introduction, not intended as investment advice.
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Q&A about Binance Coin Tokenomics
Explore the tokenomics of Binance Coin (BNB) and review the project details below.
What is the allocation for Binance Coin (BNB)?
The initial total supply is 200,000,000, but due to the regular coin burn events, the supply is gradually decreasing.
- 40% (80 million BNB) was allocated to the founding team
- 10% (20 million BNB) was allocated to angel investors
- 50% (100 million BNB) was allocated to the public sale
What is the supply schedule for Binance Coin (BNB)?
According to Binance's official website, the total BNB circulation amount is derived from the unlocked BNB amount minus the burn amount.
Burn amount is the sum of the Real-time Burning Mechanism (from BEP95), which means a fixed ratio of the gas fee collected is burned in each block with the ratio decided by BSC validators; the Auto-Burn system, which aims to reduce BNB's total supply, adjusting the amount of BNB to be burned based on BNB's price and the number of blocks generated on BSC; and the Community Burn, which is burned by the community quarterly.
You can find BNB’s real-time circulation data and calculation formulas on this website: https://www.bnbburn.info/circulation-supply-calculation
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BNB has the highest market capitalization in CEX tokens. It is created by Binance, one of the world's leading cryptocurrency exchanges.Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but migrated to Binance's proprietary blockchain, Binance Chain, in 2019.
BNB is unique due to its utility and integration within the Binance platform. Users can use BNB to pay for trading fees on the exchange, participate in token sales on Binance Launchpad, and make in-store payments where it's accepted. Moreover, BNB is the native token of Binance Smart Chain (BSC), a blockchain platform for developing decentralized applications (DApps) and DeFi protocols.
In June 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, its CEO Changpeng Zhao, and two other affiliated subsidiaries. The defendants are accused of violating a series of securities laws, including illegal transfer of customer funds, violation of U.S. securities trading rules, operating illegal trading platforms, concealment, and fraud. At the same time, BNB was listed as a security by the SEC, which caused BNB's market value to drop by more than 20% on that day, and it has not recovered so far.
Above are only for introduction, not intended as investment advice.