BNB BNB
Cryptocurrency · Layer 1 · Proof of Stake (PoS) · launched in 2017
№4of 40 004
- $720.91
- Price −4.38%
- $97.64 billion
- Capitalization
- $1.33 billion
- Volume over 24 hours
- 3.61%
- Dominance
About the coin
- Circulating supply
- 131.51 million BNB
- Total supply
- 131.51 million BNB
- Maximum supply
- 131.51 million BNB
- Fully diluted capitalization
- $97.64 billion
- 24h high
- $757.78
- 24h low
- $716.18
BNB is a cryptocurrency released by the Binance exchange in 2017. It is now the native token of the BNB Chain ecosystem. On the BNB Smart Chain network, the coin is used to pay fees and for staking: validators confirm transactions using the Proof-of-Staked-Authority algorithm. The network is compatible with Ethereum, features fast and low-cost transfers, and hosts many DeFi applications, games, and tokens. On the Binance exchange, BNB provides discounts on trading fees and access to Launchpool. BNB supply is regularly reduced through coin burning. BNB ranks among the largest cryptocurrencies by market capitalization.
Additional information
FAQ
-
BNB is a cryptocurrency created by Binance exchange in 2017. It is now the native token of the BNB Chain ecosystem: it is used to pay transaction fees in the network. On Binance exchange, BNB provides additional benefits to holders.
-
Binance is a cryptocurrency exchange and company. BNB is a token it issued that now operates in a separate BNB Chain blockchain ecosystem. The token's fate is closely tied to the exchange, but these are different concepts: the BNB Chain blockchain continues to operate as an independent network.
-
BNB Chain is the general name for the ecosystem. Its main network is BNB Smart Chain (BSC), an Ethereum-compatible blockchain for smart contracts, DeFi applications, and tokens. The ecosystem also includes opBNB, a layer 2 scaling network, and the decentralized storage BNB Greenfield.
-
No. BNB is not mined. Transactions in BNB Smart Chain are validated by validators using the Proof-of-Staked-Authority algorithm: they stake BNB, and holders can delegate their coins to them and earn a share of rewards.
-
Burning is the irreversible destruction of a portion of coins, which reduces the total BNB supply. Regular automatic burning (Auto-Burn) is performed, with the volume calculated using a formula that accounts for BNB price and network activity. Additionally, a portion of transaction fees in BNB Smart Chain are burned immediately. The goal is to gradually reduce the amount of BNB in circulation to a target level.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .