What is BNB?
BNB, or Binance Coin, is a cryptocurrency created by Binance.
BNB runs natively on the Ethereum blockchain and follows the ERC20 token standard. The BNB token was established with a total supply of 200 million. Binance plans to use 20% of our profits each quarter to buy back and burn BNB, until 50% of the total BNB supply (100 million BNB) is burned.
All The Ways You Can Use BNB
This is the list of all the existing uses and functions of BNB, categorized
into three: useBNB, buyBNB, and storeBNB.
Where you can use BNB
How and where you can buy BNB
Store BNB on various wallets that support ERC20 tokens
Trust Wallet
Enjin Wallet
Trezor Wallet
Ledger Wallet
Jaxx
CoolWallet S
Metal Vault
Bread
WinQ
Clay
Request Wallet
Coinomi
Blox.io Wallet
BNB Burning Mechanism
Every quarter, Binance will use 20% of our profits to buy back BNB and destroy them, until we buy 50%
of all the BNB (100 million BNB) back. All buyback transactions will be announced on the blockchain.
Eventually, only 100 million BNB will remain in circulation.
1
>
986,000 BNB
we have completed our 1st quarter token burn of 986,000 BNB.
2
>
1,821,586 BNB
we have completed our 2nd quarter token burn of 1,821,586 BNB.
3
>
2,220,314 BNB
we have completed our 3rd quarter token burn of 2,220,314 BNB.
4
>
2,528,767 BNB
we have completed our 4th quarter token burn of 2,528,767 BNB.
5
>
1,643,986 BNB
we have completed our 5th quarter token burn of 1,643,986 BNB.
6
>
1,623,818 BNB
we have completed our 6th quarter token burn of 1,623,818 BNB.