A former Tokyo Stock Exchange software engineer built and launched the Binance cryptocurrency exchange in 2017. Soon after that, they issued BNB as a native token for its ecosystem.
One of the features that makes it original is BNB’s supply limit of 200 million and Binance’s regularly scheduled BNB “burns.” These are intended to halve its supply effectively.
The company cryptographically locks up some of its own BNB tokens in a way that makes them impossible ever to retrieve or spend again, thus “burning” them.
As a result, the value of the remaining BNB supply increases in an exchange economy against fiat currencies and stablecoins.
That’s a way for the company to share some of the profit with all the other token holders. It provides built-in, long-term support for BNB price growth. So far, ROIs for long-term BNB holders have been very attractive when compared to returns on investment for US stock…
