Binance Coin
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BNB, or Binance Coin, is a cryptocurrency created by Binance. Binance Coin (BNB) powers the Binance Ecosystem. As the native coin of Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more.

Binance plans to destroy BNB each quarter based on the trading volume on our exchange, until 50% of the total BNB supply (100 million BNB) is burned. All transactions will be recorded on the blockchain. Eventually, only 100 million BNB will remain in circulation.

Binance Coin Feature List
  • Pay trading fees – Receive a 25% discount on trading fees using BNB
  • Pay travel expenses – Travel the world and pay with BNB at merchants in Australia
  • Pay by credit card – Pay your Crypto.com credit card bill with BNB
  • Stake and shift BNB via VAULT – Stake and shift BNB via Mithril’s VAULT wallet
  • Buy virtual gifts – Buy virtual gifts on live video streaming platform
  • Pay via XPOS – Purchase anything from stores that use the XPOS device by Pundi X
  • Pay in BNB – Pay with BNB on DENT Apps
  • Pay BNB in the pilot shop – Pay BNB for aircrafts in the pilot shop powered by Aeron
  • Use BNB to make impact investment s – Use BNB to make impact investments on Moeda platform globally
Binance Coin Tech Specification
  • Blockchain Own Blockchain
  • Consensus Proof of Stake (PoS)
  • Hash Algorithm Tendermint (BFT)
  • Org_ Structure Centralized
  • Open Source 1
  • Development Status Working product
  • Hardware Wallet Yes
Binance Coin Team
Changpeng Zhao
CEO & Co-Founder
Yi He
CMO & Co-Founder
Wei Zhou
CFO
Ella Zhang
Head of Binance Labs
Christy Choi
Director at Binance Labs
Benjamin Rameau
Partner at Binance Labs
Teck Chia
Partner at Binance Labs
Flora Sun
Director at Binance Labs
Ling Zhang
Director at Binance Labs
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