BNB

BNB is the native token of the Binance ecosystem, used for fees, staking, and applications on BNB Chain.

What Is BNB? BNB is the native utility token of the Binance ecosystem, used for trading fee discounts, staking, governance, and powering decentralized applications on BNB Chain.

The native utility token of the Binance ecosystem. It uses a Proof of Staked Authority (PoSA) consensus mechanism on its smart chain, where a limited number of validators process transactions, delivering high speed and very low fees.

Ecosystem Utility: Used to get trading fee discounts on Binance and to pay transaction fees on BNB Smart Chain, which hosts thousands of dApps and DeFi projects.

Exchange-Driven Utility: Uses a burn mechanism where Binance uses profits to destroy tokens until supply is reduced toward 100 million. Used for trading fee discounts on Binance and as the native gas token for the BNB Smart Chain dApp ecosystem.