Benefits of BNB
Use BNB to pay for goods and services, earn passive income, pay transaction fees on the Binance Smart Chain, apply for cryptocurrency loans, participate in exclusive token sales and much more
BNB is the cryptocurrency that is at the heart of the BNB Chain ecosystem. As one of the most popular utility tokens in the world, you can not only trade BNB like any other cryptocurrency, but also use BNB in a wide range of applications and use cases. Click here to learn more about BNB
BNB Destructions
BNB uses an automatic destruction system to reduce its circulating quantity to 100,000,000 BNB. The automatic BNB destruction mechanism will adjust the amount of BNB to be destroyed based on the price of BNB and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter. This provides greater transparency and predictability to the BNB community.
BNB lost in eligible cases can also be refunded through the BNB Pioneer Burn program. This counts the cryptocurrency lost by users in the official count of destruction and reimburses them with BNB.
BNB additionally uses a real-time destruction mechanism based on gas fees. A fixed ratio of collected gas fees is destroyed in each block, this ratio being determined by BSC validators.