What is BNB
BNB fuels the BNB Chain ecosystem, serving as a premier utility token. It's tradable like any cryptocurrency and used by diverse applications across various sectors.
Where to Get BNB?
Wallets
With just a credit/debit card, you can easily purchase BNB. Start by downloading your first wallet!
Centralized Exchanges (CEXs)
You can purchase BNB on centralized exchanges using fiat currencies and transfer the token to your wallet address.
Earn BNB
Earn BNB by working for DAOs, crypto-paying companies, or by scoring bounties for discovering software bugs.
Receive BNB from Your Peers
Share your wallet address with friends for them to send BNB.
Staking Rewards
Stake your BNB to earn more or contribute to the security of the BNB Chain ecosystem by running a validator node and earning BNB.
Decentralized Exchanges (DEXs)
Trade your crypto instantly across multiple chains.
What Can You Do with BNB?
Owning BNB grants exclusive access to a potent array of use cases.
DeFi
BNB Chain has one of the most diverse DeFi ecosystems across its layer-1 chain (BNB Smart Chain or BSC) and layer 2 (opBNB). BNB is your gateway to the BNB Chain DeFi ecosystem. Here are some of the most important use cases .
CeFi
While DeFi focuses on decentralized services, BNB also plays a critical role in Centralized Finance (CeFi).
PayFi
PayFi, or Payment Finance, is where blockchain technology integrates into real-world payment solutions, offering real-time settlement for transactions. BNB is a key enabler of PayFi use cases, facilitating secure, fast, and cost-effective transactions.
How does it work?
BNB adopts an Auto-Burn system to reduce its total supply to 100,000,000 BNB. This mechanism adjusts the burn amount based on BNB's price and the number of blocks on BNB Smart Chain (BSC), ensuring transparency and predictability.
BNB Reimbursement
The BNB Pioneer Burn Program reimburses lost coins and counts them towards the official burn count.
Gas Fee Aspect
BNB utilizes a real-time burning mechanism tied to gas fees. A fixed ratio of collected gas fees is burned in each block, determined by BSC validators.
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