BNB is the platform token issued by Binance and the native token of the BNB Chain blockchain. To learn more, you can register on Binance for hands-on experience, or download the Binance APP to check BNB's real-time price.
Main Uses of BNB
BNB has multiple practical uses within the Binance ecosystem:
- Fee deduction: Pay trading fees with BNB for a 25% discount
- Launchpad participation: Hold BNB to participate in new token launch subscriptions
- On-chain Gas fees: BNB is required as fuel for transfers and DApp usage on BNB Chain
- Payments: Some merchants accept BNB as a payment method
BNB's Value Support
Every quarter, Binance uses its profits to buy back and burn a certain amount of BNB, reducing the total supply and theoretically supporting the price. The total issuance of BNB is 200 million, which will ultimately be burned down to 100 million.
How to Get BNB
Search for BNB trading pairs on the Binance spot market and buy with USDT. You can also use Binance's quick buy feature to purchase directly.
Benefits of Holding BNB
Beyond fee discounts, holding BNB lets you participate in various Binance events and airdrops. It's one of the core assets for using the Binance platform.