BNB is the native token of the decentralized BNB Chain and can be used for trading and paying transaction fees. BNB holders can also participate in governance. BNB holders enjoy several benefits on the Binance trading platform, including trading fee discounts, participation in token airdrops, and VIP membership. The BNB burning mechanism involves periodically repurchasing and permanently destroying a portion of BNB tokens to reduce the total supply. Click on the BNB price page to view its latest market capitalization and price trends in real time.