BNB 

BNB Price

What is BNB?

BNB is the native utility and governance token of the BNB Chain ecosystem. It launched as an ERC-20 token in 2017 and migrated to its own mainnet on April 18, 2019. BNB pays gas across the BNB Smart Chain, the opBNB Layer 2, and the Greenfield storage network, and it carries governance rights across the ecosystem.

How does the network reach consensus?

BNB Smart Chain runs on Proof of Staked Authority (PoSA), a hybrid of proof-of-stake and proof-of-authority. A rotating validator set — 21 active validators plus a pool of standby candidates — produces blocks, with slots allocated by staked BNB. Successive network upgrades have shortened block times and raised throughput on the Smart Chain, while validators are re-elected each epoch by stake weight.

Does the BNB token have a capped supply?

BNB is deflationary by design. The protocol reduces the original 200,000,000 BNB supply toward a 100,000,000 floor through two burn mechanisms: a price-linked quarterly auto-burn and BEP-95, which burns a share of gas fees in real time. Cumulative burns steadily lower the circulating supply over time; the current circulating figure is shown live on the Supply tab.

What was BNB's initial price and early fundraising?

BNB held its ICO in July 2017, raising roughly $15 million at an issue price near $0.15 per token — the origin point against which its long-term return is measured. The offering distributed the initial supply between the ICO, the founding team, and angel participants.

Where can you trade or use BNB?

BNB trades on major centralized exchanges — most deeply on Binance, including the BNB/USDT pair — and across other venues such as OKX and AscendEX. On-chain, PancakeSwap is the primary decentralized hub. Beyond trading, BNB is used for gas, staking, and participation across BNB Chain applications, and cash-settled BNB futures have begun appearing on traditional-finance venues.

Are there still locked team BNB coins overhanging the market?

No. The 80,000,000 BNB originally allocated to the founding team followed a four-year linear vesting schedule that concluded in July 2021. Circulating-supply changes now come from the burn mechanisms and from validators moving tokens through the standard 7-day staking unbonding period, not from team unlocks.

What is BNB's regulatory status?

The SEC sued Binance in 2023, alleging that BNB was an unregistered security. In 2024, a court dismissed the claims covering secondary-market sales of the token on exchanges, indicating the token itself is not treated as a security in that context. Binance continues to operate under the compliance monitorship established in its 2023 U.S. settlement.