$BNB $BTC $Here are some key points about BNB Binance ¹ ²:

*What is BNB?*

BNB is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. BNB is also the cryptocurrency coin that powers the BNB Chain ecosystem.

*BNB Uses*

BNB is useful to users in a wide range of applications and use cases. BNB uses an Auto-Burn system to reduce its total supply to 100,000,000 BNB.

*BNB Auto-Burn Mechanism*

The BNB Auto-Burn mechanism adjusts the amount of BNB to be burned based on BNB’s price and the number of blocks generated on BNB Smart Chain (BSC) during the quarter.

*BNB Pioneer Burn Program*

BNB lost in eligible cases can also be reimbursed through the BNB Pioneer Burn Program. This counts users’ lost coins towards the official burn count and reimburses them with BNB.

*Real-Time Burning Mechanism*

BNB additionally uses a real-time burning mechanism based on gas fees. A fixed ratio of the gas fee collected is burned in each block, with the ratio decided by BSC validators.