BNB Ownership Highly Dispersed, YZi Labs Reports Supply Cap of 100 Million

CZ holds less than 1% of BNB, with the majority owned by public holders and the BNB Foundation, according to YZi Labs.

BNB

Summary

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Terms & Concepts
  • BNB: Binance Coin, the native cryptocurrency of the Binance exchange, used for transaction fees, trading, and ecosystem activities.
  • Programmatic Burns: A predetermined process of permanently removing cryptocurrency tokens from circulation to reduce supply and potentially increase value.
  • BNB Foundation: An entity that holds and manages BNB tokens for network-related purposes, including executing scheduled token burns.