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BNB is the native utility token of the BNB Chain ecosystem, a multi-chain network that supports decentralized applications and the transfer of value across its architecture. Functioning as the primary medium for paying transaction gas and smart contract deployment fees, BNB also grants users tiered trading fee discounts on the Binance centralized exchange. The ecosystem combines a smart contract platform, a Layer 2 scaling solution, and a decentralized data storage network into a unified settlement and data availability layer. The network relies on a Proof of Staked Authority consensus mechanism, in which a set of 21 active validators, referred to as the Cabinet, verify transactions and produce blocks at roughly three-second intervals. Validators are elected daily according to the amount of BNB staked or delegated to them, and the protocol applies slashing penalties to maintain security. Token supply is managed through a programmatic dual-burn strategy that permanently removes tokens via real-time fee destruction and quarterly buybacks. Launched in 2017 alongside the Binance exchange with an initial supply of 200 million tokens, BNB began on Ethereum before migrating to its own EVM-compatible infrastructure. Its current utility spans gas payments, staking, and on-chain governance participation.

BNB (BNB) — FAQ

  1. What is BNB?

    BNB is the native utility token of the BNB Chain ecosystem, acting as a multi-chain asset that powers decentralized applications and facilitates value exchange across its network.

  2. When was BNB launched?

    BNB (BNB) launched on 2017-07-08.

  3. What kind of project is BNB?

    BNB (BNB) is categorised as: Alleged SEC Securities, Centralized Exchange (CEX) Token, Exchange-based Tokens.

  4. Where is BNB's official website?

    The official BNB site is https://www.binance.com.

  5. What's the latest BNB news on Zipp?

    Most recent BNB coverage: "CZ urges nations to tokenize stocks and launch sovereign…" — read at /en-US/a/cz-urges-nations-to-tokenize-stocks-and-launch-sovereign.