What Is Binance Coin (BNB)?

What Is Binance Coin (BNB)?

Project Name: Binance Coin

Token Name: BNB

Introduction to the Project

Binance Coin (BNB) is a cryptocurrency released in 2017 by the Binance Exchange. It was first produced on the ERC-20 base. Later, when Binance switched to its blockchain base, BEP-2, BNB production continues on this base. By burning the tokens produced according to the ERC-2, the transition to the BEP-2 base is realized.

BNB is a non-mining cryptocurrency. Binance produces all offered tokens. Half of the total produced BNB is the circulating supply.

BNBs are used in many areas such as covering travel expenses, buying virtual gifts, paying for products, paying commissions, and trading.

Every year, the Binance Exchange buys BNB to prevent inflation for the token it produces then burns them. Burning these BNBs prevents inflation.


Total Supply: 165,116,761

Circulation Supply: 165,116,761

Support Links

Official Website: https://www.binance.com/tr

Whitepaper: https://whitepaper.io/document/10/binance-whitepaper

BNB Burn: https://www.bnbburn.info/

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