Not only is Binance the biggest exchange in the world, but it has also developed one of the largest networks in the space. Binance has branched into trading, blockchains, education, ICOs, and more.
The name “Binance” comes from the words "binary" and "finance." This echoes the platform’s vision for crypto, a vision that sparked the financial paradigm shift of the 21st century.
We know what Binance is. We understand how important it is to the space. But let's now discuss their native token, as that's essentially how we invest in a crypto company, right?
What is Binance Coin (BNB)?
Binance Coin (BNB) was released in 2017 to help traders on Binance pay fewer fees when transacting on the network. Like Ether, think of BNB as the fuel that powers the Binance network engine.Put simply, BNB is a utility token used on Binance that allows users to most efficiently transact with Binance products with lower trading fees.
Speaking of Ether, a fun fact is that BNB used to run on the Ethereum network but has now bridged over to the native Binance smart chain that was launched in 2020.
What is the Binance Smart Chain?
Binance Smart Chain is just like Ethereum. It is a smart contract-enabled blockchain network that intends to become the leading Defi ecosystem.However, some refer to Binance as CeDeFi as it seems to be acting as a bridge for both the CeFi and DeFi worlds. The founder of Binance, Changpeng Zhao (CZ) also referred to Binance as such in a now-deleted tweet.
Binance smart chain uses a proof of authority (PoA) mechanism, which we’ll explain below.
Proof of Authority
Unlike proof of work (PoW) and proof of stake (PoS), proof of authority (PoA) is a validating method by which validators are selected by staking their identity rather than by staking coins. These validators put their own reputations on the line. As Binance captures all identity information, it's unlikely that a validator would attempt to commit a crime.What makes Binance Coin unique?
Binance Coin is deflationary, which means that Binance will use profits to burn BNB held in the Treasury every few months. This is really cool, and we know what happens when supply goes down.Today, BNB is mainly used for transaction fees on Binance.com and Binance DEX to allow users to partake in Binance ICOs and complete Binance smart chain transactions.
Invest in Binance coin, and you're investing in the potential you believe these projects have.
Binance Coin is one of the biggest crypto projects in the world, with a top 5 market cap as of December 2021, a market price of 87 billion, 166 million supply, and a price of $525. If you believe the company has a future, BNB could be an exciting project to keep an eye on. We highly encourage you to look into the ecosystem and team and learn more about them.
For more information on Binance, BNB, & Proof of Authority (PoA), stay up-to-date with Crypto School.
Disclaimer: NOT FINANCIAL NOR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make, and only you are accountable for the results.
Get winning crypto tips in 5 minutes a day
Login or upgrade to Cryptonary Pro
Pro
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
$799
No risk. Only upside. If we don’t outperform the market during your subscription, we will give you 100% of your money back. No questions asked
What’s included?
24/7 Access to Cryptonary's Research team who have over 50 years of combined experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily Market Updates that cover the real data that shape the market (Macro, Mechanics, On-chain)
Curated list of the most lucrative upcoming Airdrops (Free Money)
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
Then you don’t pay. If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked.
Recommended from Cryptonary
