How to use BNB's voting rights?

BNB holders can participate in the governance of the Binance ecosystem by voting on proposals that shape the platform's development and resource allocation.

Feb 15, 2025 at 10:36 pm

Key Points

• Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the world's largest crypto exchanges.
• BNB holders have the right to vote on proposals that affect the Binance ecosystem, including the development of new features, changes to the platform, and the distribution of funds from the Binance Charity Fund.
• To vote, BNB holders must first hold their tokens on the Binance exchange or in a compatible BNB wallet.
• Voting is conducted through the Binance web interface or mobile app.
• The top 20 projects with the highest number of votes will be considered by the Binance team for implementation.

Steps to Use BNB's Voting Rights

1. Hold BNB on Binance or in a Compatible Wallet

To vote, you must first hold BNB on the Binance exchange or in a compatible wallet. Binance offers a variety of options for holding BNB, including the Binance Spot Wallet, the Binance Margin Wallet, and the Binance Savings Wallet. You can also hold BNB in a hardware wallet or a software wallet that supports BNB.

2. Access the Binance Voting Page

To access the Binance voting page, go to the "Vote" tab in the Binance web interface or mobile app. You will be presented with a list of active voting proposals.

3. Review the Voting Proposals

Before you vote, it is important to review the voting proposals carefully. Each proposal will include a description of the proposal, the potential benefits and risks, and the voting period.

4. Cast Your Vote

To cast your vote, click on the "Vote" button for the proposal you wish to support. You will be asked to enter the amount of BNB you wish to vote with. You can vote with up to 50% of your available BNB balance.

5. Track Your Votes

Once you have cast your vote, you can track its status on the Binance voting page. You will be able to see the number of votes cast for each proposal, as well as the current voting percentage.

FAQs

What is the Binance Charity Fund?

The Binance Charity Fund is a non-profit organization that aims to promote blockchain transparency and accountability in the social impact sector. The Fund provides grants to organizations that use blockchain technology to solve social problems.

How is the Binance Charity Fund distributed?

The Binance Charity Fund is distributed through a voting process. BNB holders can vote on which projects they believe should receive funding from the Charity Fund. The top 20 projects with the highest number of votes will be considered by the Binance team for implementation.

What are the benefits of holding BNB?

In addition to voting rights, BNB holders also enjoy a number of other benefits, including:

• Discounts on trading fees on the Binance exchange
• Eligibility for exclusive promotions and giveaways
• Access to exclusive airdrops and token sales
• Participation in the Binance Launchpad, where users can invest in new crypto projects