Source: BNBUSD Chart by TradingView
BNB, or Binance Coin, is a cryptocurrency created by Binance. Binance Coin (BNB) powers the Binance Ecosystem. As the native coin of the Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more.
Where you can use BNB
- Pay trading fees – Receive a 25% discount on trading fees using BNB
- Pay travel expenses – Travel the world and pay with BNB at merchants in Australia
- Pay by credit card – Pay your Crypto.com credit card bill with BNB
- Stake and shift BNB via VAULT – Stake and shift BNB via Mithril’s VAULT wallet
- Buy virtual gifts – Buy virtual gifts on live video streaming platform
- Pay via XPOS – Purchase anything from stores that use the XPOS device by Pundi X
- Pay in BNB – Pay with BNB on DENT Apps
- Pay BNB in the pilot shop – Pay BNB for aircrafts in the pilot shop powered by Aeron
- Use BNB to make impact investments – Use BNB to make impact investments on Moeda platform globally
BNB Burning Mechanism
Binance plans to destroy BNB each quarter based on the trading volume on our exchange, until 50% of the total BNB supply (100 million BNB) is burned. All transactions will be recorded on the blockchain. Eventually, only 100 million BNB will remain in circulation.
Mid-cap tokens outperform Bitcoin over past 7 days as BNB hits 6% market dominance
Tokens with a market cap between $100M and $1B have outperformed the market over the past 7days, according to data analyzed by CryptoSlate.
FTX attacker continues swapping tokens; exchanges $7.95M BNB for BUSD, ETH
The FTX exploiter currently holds $11.8 million BNB and ETH worth around $346.8 million at current prices.
BNB surges 20% in 2 hours after news of Binance’s planned acquisition of FTX, but plummeted later
Based on the current FTX situation, the Binance CEO also predicted that FTX's FTT would be extremely volatile in the near future.
CryptoSlate Daily wMarket Update – Oct. 28-30: Mixed performance sees BNB lead large caps
The wMarket Update condenses the most important price movements in the crypto markets over the period, published 07:00 ET on weekdays.
All images, branding and wording is copyright of BNB. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.