BNB · BNB
BNB: price and mechanics
BNB started in 2017 as a fee-discount token on the Binance exchange and grew into the native currency of its own blockchain, BNB Chain. It is used for lower trading fees, paying transaction costs on-chain, and participating in projects built on that network.
Price
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Koersverloop BNB
Waarderingsmodellen voor BNB
Zo kijken verschillende modellen naar de mogelijke waardering van BNB kijken. Een model is geen voorspelling.
Trade it yourself
Buy, sell or swap through Block #9's own liquidity pools and DEX routing, with the coins in your own wallet.
Go to the trade hubFrom discount token to its own chain
BNB launched via an ICO on Ethereum, primarily offering discounted Binance trading fees. In 2019 Binance launched its own blockchain, later merged into BNB Chain, with BNB as the native gas token for transactions.
That gave BNB a second function beyond the exchange: paying for compute on a network with its own smart contracts, DeFi protocols and games. BNB Chain runs on a limited validator set closely tied to Binance, which makes it fast and cheap but less decentralised than Ethereum or Bitcoin.
- Discount on Binance trading fees
- Gas token for BNB Chain transactions
- Relatively small, centrally organised validator set
Coin burns and supply
Binance periodically destroys part of the BNB supply, aiming to reduce total supply toward a pre-announced cap. Burn size depends on trading volume and on-chain activity in the preceding period.
Burns are often cited as a value-support argument, but they only affect supply: reducing supply pushes price up only if demand stays flat or rises. Treat burns as supply policy, not a guarantee of gains.
Risks of an exchange token
BNB is closely tied to Binance as a company. Regulatory trouble, sanctions or a loss of trust in the exchange can directly affect BNB's price, regardless of BNB Chain's technical state.
Binance has faced investigations and fines in several countries over anti-money-laundering compliance, which tends to affect both the company and its token together.
BNB Chain is also less decentralised than larger networks, making it more sensitive to decisions by a small group of validators.
Nieuws over BNB
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Frequently asked questions
What is BNB used for?
For discounted Binance trading fees and as the gas token for transactions on BNB Chain.
What is a BNB coin burn?
A periodic destruction of part of the supply by Binance, aimed at reducing total supply over time.
Is BNB decentralised?
Less so than Bitcoin or Ethereum. BNB Chain runs on a limited validator set closely tied to Binance.
Does BNB's price track Binance the company?
Yes, closely. Regulatory issues at Binance often feed straight through into BNB's price.