BNB (Binance Coin)
Binance exchange token, fee discounts, BSC gas, CZ ecosystem foundation.
BNB: launched Jul 2017 as ERC-20, 2019 moved to own BNB Chain (PoSA). 25% Binance fee discount, BSC gas, staking, launchpad. Deflationary: quarterly burn. From 200M initial supply now ~150M. CEO CZ jailed 2023 for AML. Binance still #1 CEX.
In plain words
Token of Binance, the world's largest exchange. With BNB you get a 25% discount on Binance fees and pay tx on BNB Chain. Every quarter Binance burns some BNB from profits, so supply shrinks (deflation). One of the few crypto tokens whose value comes from a real business.
Example
ATH May 2024: $793 (cap $116B, #4 crypto). Mar 2024: $720. Nov 2024: $700. Q3 2024 burn: 1.6M BNB ($1.1B). BSC TVL: $6B (3rd after ETH and Tron).
Also known as: BNB, Binance Coin, BSC