Blockchain insights

How well do you really know BNB, Yield App’s latest listing?

4 min read

Since its launch in 2017, Binance Coin (BNB) has evolved from being a utility token within the Binance exchange to a versatile asset with various use cases across the broader cryptocurrency landscape. Its journey shows the potential of native tokens to drive innovation, adoption, and utility within the crypto ecosystem. In this blog post, we lift the lid on seven things you may not know about Binance Coin.

1. 🔥 Half of all BNB will be burned

BNB made a commitment to remove half of its total supply (100 million BNB) from circulation through a systematic burning process. This will leave only 100 million BNB in circulation, contributing to the token’s long-term value appreciation. The process follows an Auto-Burn formula, providing an independently auditable, objective mechanism that operates independently of the Binance centralized exchange.

2. 🕹️ BNB scores big with gamers

Ready, player one? There’s a boom in blockchain-based games that let gamers use their BNB for in-game purchases, trading virtual assets, and taking part in decentralized gaming ecosystems. Ranging from thrilling action-adventure titles to intricate strategic experiences, many of these BNB-powered games have earned themselves a widespread appeal and a dedicated fanbase.

3. ❤️‍🔥 The logo arose from Ethereum’s ashes

The emblem of Binance depicts a fiery phoenix, symbolizing renewal, adaptation and evolution.. This symbolism shows BNB's seamless transition from an Ethereum-based token to a native asset on Binance Chain and Binance Smart Chain.

4. 🌳 This token plants trees

With its Binance Smart Chain Tree Planting Program, BNB challenges the preconception that cryptocurrencies are bad for the environment. Adding an eco-friendly dimension to BNB's ecosystem, a portion of transaction fees go to planting trees.

5. 🛫 BNB takes you on vacation 

BNB’s widespread adoption is partly due to its integration into a growing list of third-party platforms and services. Numerous initiatives and businesses, including travel companies, have collaborated with Binance to integrate BNB into their payment frameworks, broadening BNB’s appeal far beyond the borders of the Binance platform.

BNB holders in need of a getaway can use their tokens to book travel accommodations on selected platforms. This practical use case brings a touch of real-world utility to BNB, enabling token holders to cover their travel expenses with their cryptocurrency holdings.

6. 📈 Your BNB can work harder for you

In August 2023, Yield App listed BNB, opening a gateway to passive income earning opportunities. With rate increases up to 7.5% p.a. on BNB in February 2024, you can put your BNB to work. Plus, you can make daily swaps up to $10,000 between BNB and other assets daily, and take your portfolio towards its full earning potential.


7. 💰 It’s easy to earn with Yield App

If you're wondering how to unlock the earning potential of your Binance Coins, the answer is simple: you may choose to transfer your BNB to Yield App, select an Earn product, and just like that, you're on your way to daily passive income. Oh, and a heads-up: only BEP-20 (BNB Smart Chain) transfers can join the party – Ethereum's ERC-20 and BNB Beacon Chain's BEP-2 won't make the guest list.

Supercharge your earnings with BNB on Yield App today!

DISCLAIMER: The content of this article does not constitute financial advice and is for informational purposes only. The price of digital assets can go down as well as up, and you may lose all of your capital. Investors should consult a professional advisor before making any investment decisions.


Unlock the full potential of cryptocurrency and grow your digital wealth

Unlock the full potential of cryptocurrency and grow your digital wealth