BNB
BNB
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
BNB (Binance Coin) Overall Evaluation
Strengths
- Active Development (9/10): High‐velocity commits, disciplined CI/audits, on‐chain governance proposals and timely feature releases.
- Community Support (8/10): Large, organic user base across Twitter, Telegram, Discord and Reddit with strong engagement and grassroots initiatives.
- Tokenomics (8/10): Fixed supply with regular quarterly burns, strong utility for fee discounts, gas on BSC, and deflationary pressure.
- Market Position (9/10): Top‐5 market cap token, deep liquidity on Binance CEX, #2 smart‐contract platform by TVL, differentiated by integrated CEX/DEX ecosystem.
- Security (9/10): Multiple third‐party audits (CertiK, PeckShield), active bug bounty program, no direct chain exploits.
Weaknesses & Risks
- Governance Centralization (6/10): Semi‐centralized PoSA consensus with only 21 validators and strong Binance influence limits true DAO governance.
- Regulatory/Counterparty Risk: Binance’s regulatory challenges and control over token burns/validator selection may introduce external risks.
Conclusion BNB is a highly developed, well‐adopted token with solid tokenomics and security. Its main drawback is centralization risk tied to Binance’s control and evolving regulatory pressures. Overall, it remains a core long‐term position in the smart‐contract and exchange‐token space.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About BNB (BNB)
BNB (Binance Coin)
BNB is the native cryptocurrency of the Binance ecosystem, powering transactions on Binance Chain and Binance Smart Chain (BSC). Launched by Binance in 2017, BNB enables reduced trading fees, network governance, and decentralized application (dApp) interaction.
Key Features
- Token Standards: BEP-2 (Binance Chain) & BEP-20 (Binance Smart Chain)
- Utility: transaction fee payments, staking, governance voting, DeFi protocols, NFT marketplaces
- Token Burn: scheduled buyback and burn events to decrease circulating supply
- Cross-Chain: bridges between Binance Chain, BSC, and other networks
Use Cases
- Fee Discounts: lower trading and gas fees on Binance platforms
- DeFi Access: liquidity provision, yield farming, lending/borrowing on BSC
- Governance: voting on key protocol proposals
- Ecosystem Payments: participation in NFT drops, GameFi, and dApp services
Technical Overview
- Symbol: BNB
- Initial Supply: 200,000,000 BNB
- Circulating Supply: dynamic (subject to regular burns)
- Consensus: Tendermint-based Proof of Staked Authority (PoSA)
BNB remains a core asset within the Binance ecosystem, offering fast, low-cost transactions and broad DeFi functionality.
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