- Buy BNB and 50+ other cryptos
- Pay by bank transfer, credit or debit card
- Take advantage of a wide range of extra features
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.
Binance Coin (BNB) is the native token of the Binance Exchange. It was used to fund the creation of the exchange itself through an ICO and offers users a potentially useful range of features.
You can buy BNB on Binance using a wide range of other cryptocurrencies.
The 200 million was distributed 50/50 between the company and the public ICO.
This deflation is carried out through Binance’s purchase of 20% of the remaining public supply each quarter. The bought-back portion of coins is then burned.
The discount decreases year on year in line with the 20% bought back each year.
In the future, Binance aims to build a decentralized exchange, and BNB will be used as one of the key base assets on the site as well as the gas that’s spent while executing contracts of the decentralized BNB exchange.
If you’re a frequent Binance user and want to duck large fees – especially if you plan on making very large trades or withdrawals – you might it’s worth stocking up even at high prices, but remember that the discounts will decrease over time.
But remember that the discounts will decrease over time, and the coin will become almost useless before it’s all bought back.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.