{"id":45940,"date":"2025-07-11T21:00:20","date_gmt":"2025-07-11T18:00:20","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=45940"},"modified":"2025-07-11T16:24:02","modified_gmt":"2025-07-11T13:24:02","slug":"what-is-binance-coin-bnb","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/","title":{"rendered":"What is Binance Coin (BNB)?"},"content":{"rendered":"<p dir=\"auto\"><strong>Binance Coin (<a href=\"https:\/\/coinengineer.net\/blog\/cz-backed-bnb-treasury-firm-targets-wall-street-ipo\/\">BNB<\/a>)<\/strong> is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume. Initially launched in 2017 as an ERC-20 token on the <strong>Ethereum<\/strong> network, BNB has evolved into the native token of Binance\u2019s own blockchain ecosystem, <strong>BNB Chain<\/strong>. Today, ranking among the top cryptocurrencies by market capitalization, BNB serves a wide range of purposes, from transaction fees to decentralized finance (DeFi) applications. In this article, we will explore what <strong>BNB<\/strong> is, how it works, its use cases, and the key features of the BNB Chain ecosystem.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#History_and_Evolution_of_BNB\" title=\"History and Evolution of BNB\">History and Evolution of BNB<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#Structure_and_Features_of_BNB_Chain\" title=\"Structure and Features of BNB Chain\">Structure and Features of BNB Chain<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#1_BNB_Smart_Chain_BSC\" title=\"1. BNB Smart Chain (BSC)\">1. BNB Smart Chain (BSC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#2_opBNB\" title=\"2. opBNB\">2. opBNB<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#3_BNB_Greenfield\" title=\"3. BNB Greenfield\">3. BNB Greenfield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#4_BNB_Beacon_Chain_Formerly_Binance_Chain\" title=\"4. BNB Beacon Chain (Formerly Binance Chain)\">4. BNB Beacon Chain (Formerly Binance Chain)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#How_Does_BNB_Work\" title=\"How Does BNB Work?\">How Does BNB Work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#Token_Burn_Mechanism\" title=\"Token Burn Mechanism\">Token Burn Mechanism<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#BNB_Use_Cases\" title=\"BNB Use Cases\">BNB Use Cases<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#1_Centralized_Use_Cases\" title=\"1. Centralized Use Cases\">1. Centralized Use Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#2_Decentralized_Use_Cases\" title=\"2. Decentralized Use Cases\">2. Decentralized Use Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#3_Other_Use_Cases\" title=\"3. Other Use Cases\">3. Other Use Cases<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#BNB_Chain_Investors\" title=\"BNB Chain Investors\">BNB Chain Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#BNB_Token_Types_BEP2_and_BEP20\" title=\"BNB Token Types: BEP2 and BEP20\">BNB Token Types: BEP2 and BEP20<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#BNB_Tokenomics_and_Burn_Mechanism\" title=\"BNB Tokenomics and Burn Mechanism\">BNB Tokenomics and Burn Mechanism<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#Burn_and_Seed_Fund\" title=\"Burn and Seed Fund\">Burn and Seed Fund<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#BNB_Founding_Team\" title=\"BNB Founding Team\">BNB Founding Team<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"History_and_Evolution_of_BNB\"><\/span>History and Evolution of BNB<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\"><strong>Binance Coin<\/strong> was introduced through an <strong>Initial Coin Offering (ICO)<\/strong> held between June 26 and July 3, 2017. A total of <strong>200 million BNB<\/strong> tokens were created and distributed as follows:<\/p>\n<ul dir=\"auto\">\n<li><strong>40%<\/strong> (80 million BNB): Allocated to the Binance founding team, released gradually over four years.<\/li>\n<li><strong>10%<\/strong> (20 million BNB): Assigned to angel investors with immediate access.<\/li>\n<li><strong>50%<\/strong> (100 million BNB): Offered to the public at $0.15 per token.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-161532 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/07\/bnb-tokenomics.webp\" alt=\"\" width=\"744\" height=\"218\" \/><\/p>\n<p dir=\"auto\">The ICO raised approximately <strong>$15 million USD<\/strong> in Bitcoin and Ethereum. Of the funds, 35% were used for platform development, 50% for marketing and education, and 15% were reserved for emergencies.<\/p>\n<p dir=\"auto\">Initially operating as an ERC-20 token on Ethereum, BNB transitioned to Binance\u2019s own blockchain, <strong>Binance Chain<\/strong>, in 2019. In 2020, <strong>Binance Smart Chain (BSC)<\/strong> was introduced, which was rebranded as <strong>BNB Smart Chain<\/strong> in 2022. As of February 2022, Binance Chain and Binance Smart Chain merged to form <strong>BNB Chain<\/strong>. Today, BNB Chain consists of three main components:<\/p>\n<ol dir=\"auto\">\n<li><strong>BNB Smart Chain (BSC)<\/strong>: A Layer-1 platform compatible with Ethereum Virtual Machine (EVM) for smart contracts and decentralized applications (DApps).<\/li>\n<li><strong>opBNB<\/strong>: A Layer-2 scaling solution that enhances transaction speed and reduces costs.<\/li>\n<li><strong>BNB Greenfield<\/strong>: A decentralized data storage platform.<\/li>\n<\/ol>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Structure_and_Features_of_BNB_Chain\"><\/span>Structure and Features of BNB Chain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\"><strong>BNB Chain<\/strong> is a blockchain ecosystem designed to meet the demands of Web3, offering speed, scalability, and affordability. With a large user base, BNB Chain excels in areas like <strong>DeFi<\/strong>, gaming, NFTs, and data storage. Below are the key components and features of BNB Chain:<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"1_BNB_Smart_Chain_BSC\"><\/span>1. BNB Smart Chain (BSC)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>EVM Compatibility<\/strong>: Fully compatible with the Ethereum Virtual Machine, allowing seamless migration of Ethereum-based projects. Tools like MetaMask work effortlessly with BSC.<\/li>\n<li><strong>High Performance<\/strong>: Capable of processing thousands of transactions per second (TPS) for fast transactions.<\/li>\n<li><strong>Low Fees<\/strong>: Average transaction fees are approximately <strong>$0.10<\/strong>, with transactions completed in 3 seconds.<\/li>\n<\/ul>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"2_opBNB\"><\/span>2. opBNB<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>Layer-2 Solution<\/strong>: Utilizes Optimistic Rollups technology to boost transaction speeds (5,000\u201310,000 TPS) and lower costs.<\/li>\n<li><strong>High Efficiency<\/strong>: Ideal for high-throughput applications like gaming and NFTs.<\/li>\n<\/ul>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"3_BNB_Greenfield\"><\/span>3. BNB Greenfield<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>Decentralized Data Storage<\/strong>: Enables users to securely store NFTs, files, and other digital assets.<\/li>\n<li><strong>Data Ownership<\/strong>: Provides users with full control over their data.<\/li>\n<\/ul>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"4_BNB_Beacon_Chain_Formerly_Binance_Chain\"><\/span>4. BNB Beacon Chain (Formerly Binance Chain)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>Governance and Staking<\/strong>: Previously used for governance and staking, these functions are now being transitioned to BNB Smart Chain. Validators must migrate from BNB Beacon Chain to BSC.<\/li>\n<\/ul>\n<p dir=\"auto\">BNB Chain is supported by a robust ecosystem, with over <strong>20 million BNB<\/strong> staked and backed by 20,000 delegators. It also hosts a thriving DeFi ecosystem, including decentralized exchanges like <strong>PancakeSwap<\/strong>, lending protocols, and yield farming platforms.<\/p>\n<p dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-161533 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/07\/bnb-chain.png\" alt=\"\" width=\"1680\" height=\"480\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"How_Does_BNB_Work\"><\/span>How Does BNB Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">BNB Chain operates using the <strong>Proof of Staked Authority (PoSA)<\/strong> consensus mechanism, a hybrid of Proof of Stake and Proof of Authority. In this system:<\/p>\n<ul dir=\"auto\">\n<li><strong>Validators<\/strong>: The network is secured by <strong>21 validators<\/strong> responsible for validating transactions. To become a validator, a minimum of <strong>10,000 BNB<\/strong> must be staked. Validators are selected every 24 hours by BNB stakers.<\/li>\n<li><strong>Rewards<\/strong>: Validators earn income from transaction fees rather than new token issuance, keeping costs low.<\/li>\n<li><strong>Decentralization<\/strong>: Due to Binance controlling several validators, BNB Chain is less decentralized than Bitcoin or Ethereum. However, this trade-off enhances transaction speed and reduces costs.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-161535 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/07\/bnb-vault.png\" alt=\"\" width=\"1600\" height=\"901\" \/><\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Token_Burn_Mechanism\"><\/span>Token Burn Mechanism<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">Binance regularly burns BNB tokens to reduce the total supply from 200 million to <strong>100 million<\/strong>. The burn process occurs in two ways:<\/p>\n<ol dir=\"auto\">\n<li><strong>Auto-Burn<\/strong>: Quarterly burns are determined based on BNB\u2019s price and the number of blocks produced on BSC. For instance, in early 2025, the 27th burn event destroyed <strong>1.94 million BNB<\/strong> (approximately $1.17 billion USD).<\/li>\n<li><strong>Real-Time Burn<\/strong>: A portion of transaction fees is burned in each block, with the ratio set by validators.<\/li>\n<\/ol>\n<p dir=\"auto\">Additionally, the <strong>BNB Pioneer Burn Program<\/strong> compensates users for lost tokens, with these losses counted toward the official burn total. The burn mechanism aims to increase BNB\u2019s value and prevent inflation.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"BNB_Use_Cases\"><\/span>BNB Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">BNB is a versatile token used both on the Binance exchange and within the BNB Chain ecosystem. Its primary use cases include:<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"1_Centralized_Use_Cases\"><\/span>1. Centralized Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>Discounted Trading Fees<\/strong>: Paying transaction fees with BNB on the Binance exchange offers discounts. BNB holders can also join the VIP program for additional benefits.<\/li>\n<li><strong>Binance Launchpad<\/strong>: BNB enables participation in token sales for new blockchain projects.<\/li>\n<li><strong>Binance Pay<\/strong>: Use BNB for online shopping or crypto transfers.<\/li>\n<li><strong>BNB Vault and Launchpool<\/strong>: Stake BNB to earn passive income or gain tokens from new projects.<\/li>\n<li><strong>Crypto Loans<\/strong>: Use BNB as collateral to borrow funds via Binance\u2019s loan platform.<\/li>\n<li><strong>Liquid Swap<\/strong>: Provide liquidity with BNB to earn yields through DeFi markets.<\/li>\n<\/ul>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"2_Decentralized_Use_Cases\"><\/span>2. Decentralized Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>Transaction Fees<\/strong>: BNB is used to pay fees on BNB Smart Chain and opBNB.<\/li>\n<li><strong>DeFi and DApps<\/strong>: BNB powers token trading, liquidity provision, and yield farming on decentralized exchanges like <strong>PancakeSwap<\/strong>.<\/li>\n<li><strong>Staking and Governance<\/strong>: Staking BNB supports network security and allows participation in governance decisions.<\/li>\n<li><strong>Gaming and NFTs<\/strong>: BNB Chain is ideal for gaming and NFT applications, enabling users to earn rewards or trade NFTs.<\/li>\n<\/ul>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"3_Other_Use_Cases\"><\/span>3. Other Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>Travel<\/strong>: Book flights and hotels with BNB on platforms like Travala.com, Coinsbee, and TravelbyBit.<\/li>\n<li><strong>E-Commerce<\/strong>: Pay with BNB at Shopify merchants via Lunu.<\/li>\n<li><strong>Entertainment<\/strong>: Participate in Binance events to win BNB rewards.<\/li>\n<li><strong>Services and Finance<\/strong>: Use BNB for freelance services, financial transactions, or other real-world payments.<\/li>\n<\/ul>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"BNB_Chain_Investors\"><\/span>BNB Chain Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">BNB Chain is backed by a strong group of investors, particularly in areas like <strong>DeFi<\/strong>, staking, cross-chain, and yield farming. The <strong>co-investors<\/strong> include:<\/p>\n<ul dir=\"auto\">\n<li><strong>YZi Labs (formerly Binance Labs)<\/strong><\/li>\n<li><strong>CoinFund<\/strong><\/li>\n<li><strong>Shima Capital<\/strong><\/li>\n<li><strong>GSR<\/strong><\/li>\n<li><strong>Animoca Brands<\/strong><\/li>\n<li><strong>Web3 Foundation<\/strong><\/li>\n<li><strong>Zokyo<\/strong><\/li>\n<li><strong>Unanimous Capital<\/strong><\/li>\n<li><strong>Mina Protocol<\/strong><\/li>\n<li><strong>Hailstone Ventures<\/strong><\/li>\n<li><strong>TPS Capital<\/strong><\/li>\n<li><strong>Lunar Ventures<\/strong><\/li>\n<li><strong>Eureka Stock &amp; Share Broking Services<\/strong><\/li>\n<li><strong>Crypto Wesearch<\/strong><\/li>\n<li><strong>Dream Ventures<\/strong><\/li>\n<\/ul>\n<p dir=\"auto\">These investors have played a key role in supporting BNB Chain\u2019s growth and development.<\/p>\n<hr \/>\n<p dir=\"auto\"><a href=\"https:\/\/accounts.binance.com\/en\/register?ref=B4DLQJE0\"><strong>Click to Register on Binance Exchange with a 20% Commission Discount!<\/strong><\/a><\/p>\n<hr \/>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"BNB_Token_Types_BEP2_and_BEP20\"><\/span>BNB Token Types: BEP2 and BEP20<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">BNB Chain uses two token standards:<\/p>\n<ul dir=\"auto\">\n<li><strong>BEP2<\/strong>: The token standard for BNB Beacon Chain, used for transaction fees, staking, and trading on Binance DEX. Compatible with hardware wallets like Ledger Nano X and S.<\/li>\n<li><strong>BEP20<\/strong>: The token standard for BNB Smart Chain, similar to Ethereum\u2019s ERC-20. It supports smart contracts, DApps, and DeFi projects, allowing developers to create various token types (e.g., stablecoins).<\/li>\n<\/ul>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"BNB_Tokenomics_and_Burn_Mechanism\"><\/span>BNB Tokenomics and Burn Mechanism<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">BNB circulates across BSC, opBNB, and Greenfield in a shared token universe, with the total circulating supply being the sum of the effective supply across these networks. As the <strong>native token<\/strong>, BNB functions on BSC similarly to ETH on Ethereum, used for:<\/p>\n<ul dir=\"auto\">\n<li>Paying fees for smart contract deployment.<\/li>\n<li>Staking and earning validator rewards.<\/li>\n<li>Cross-chain transfers between BSC, opBNB, and Greenfield.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-161536 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/07\/bnb-token-burn.png\" alt=\"\" width=\"978\" height=\"542\" \/><\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Burn_and_Seed_Fund\"><\/span>Burn and Seed Fund<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li><strong>Seed Fund<\/strong>: At BSC\u2019s genesis, some BNB tokens burned on Beacon Chain were re-minted on BSC and distributed to the initial validator set.<\/li>\n<li><strong>Burn Process<\/strong>: Every quarter, Binance uses 20% of its profits to buy back and burn BNB tokens, sending them to an inaccessible address. This will continue until the total supply reaches <strong>100 million<\/strong>.<\/li>\n<\/ul>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"BNB_Founding_Team\"><\/span>BNB Founding Team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">The founding team of BNB and Binance includes:<\/p>\n<ul dir=\"auto\">\n<li><strong>Changpeng Zhao<\/strong>: Former CEO and co-founder of Binance.<\/li>\n<li><strong>Yi He<\/strong>: Co-founder and Chief Customer Service Officer.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-161529 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/07\/bnb-1.png\" alt=\"\" width=\"642\" height=\"188\" \/><\/p>\n<p dir=\"auto\">This team has been instrumental in making Binance the world\u2019s leading crypto exchange and establishing BNB as a cornerstone of its ecosystem.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li class=\"ai-optimize-158\"><strong><a href=\"https:\/\/www.bnbchain.org\/en\">BNB Chain Website<\/a><\/strong><\/li>\n<li class=\"ai-optimize-160\"><strong><a href=\"https:\/\/x.com\/binance\/\">Binance X (Twitter)<\/a><\/strong><\/li>\n<li class=\"ai-optimize-159\"><strong><a href=\"https:\/\/docs.bnbchain.org\/\">Binance Coin (BNB) Whitepaper<\/a><\/strong><\/li>\n<\/ul>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"1839\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p dir=\"auto\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance Coin (BNB) is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume. Initially launched in 2017 as an ERC-20 token on the Ethereum network, BNB has evolved into the native token of Binance\u2019s own blockchain ecosystem, BNB Chain. Today, ranking among the top cryptocurrencies by market capitalization, BNB serves a<\/p>\n","protected":false},"author":29,"featured_media":45951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[838,40,20453,20452,20451,20455,23,11504,20454,1921],"class_list":["post-45940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-binance-coin","tag-bnb","tag-bnb-beacon-chain","tag-bnb-greenfield","tag-bnb-smart-chain-bsc","tag-bnb-tokenomics","tag-cz","tag-opbnb","tag-proof-of-staked-authority-posa","tag-token-burn"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Binance Coin (BNB)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Binance Coin (BNB) is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Binance Coin (BNB)? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Binance Coin (BNB) is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-11T18:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-11T13:24:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emre Yumlu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emre Yumlu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/\",\"name\":\"What is Binance Coin (BNB)? - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png\",\"datePublished\":\"2025-07-11T18:00:20+00:00\",\"dateModified\":\"2025-07-11T13:24:02+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\"},\"description\":\"Binance Coin (BNB) is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png\",\"width\":1920,\"height\":1080,\"caption\":\"what is binance coin (BNB) , binance\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is Binance Coin (BNB)?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\",\"name\":\"Emre Yumlu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"caption\":\"Emre Yumlu\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceemre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is Binance Coin (BNB)? - Coin Engineer","description":"Binance Coin (BNB) is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/","og_locale":"en_US","og_type":"article","og_title":"What is Binance Coin (BNB)? - Coin Engineer","og_description":"Binance Coin (BNB) is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume.","og_url":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/","og_site_name":"Coin Engineer","article_published_time":"2025-07-11T18:00:20+00:00","article_modified_time":"2025-07-11T13:24:02+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png","type":"image\/png"}],"author":"Emre Yumlu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emre Yumlu","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/","url":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/","name":"What is Binance Coin (BNB)? - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png","datePublished":"2025-07-11T18:00:20+00:00","dateModified":"2025-07-11T13:24:02+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c"},"description":"Binance Coin (BNB) is a cryptocurrency developed by Binance, the world\u2019s largest cryptocurrency exchange by trading volume.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB_ce.png","width":1920,"height":1080,"caption":"what is binance coin (BNB) , binance"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/what-is-binance-coin-bnb\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"What is Binance Coin (BNB)?"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c","name":"Emre Yumlu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","caption":"Emre Yumlu"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceemre\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/45940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=45940"}],"version-history":[{"count":3,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/45940\/revisions"}],"predecessor-version":[{"id":45952,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/45940\/revisions\/45952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/45951"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=45940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=45940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=45940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}