Developed on the Binance Smart Chain (BSC), BNBeer is one of the crypto projects that works to produce beer. The platform aims to create value for the traders by creating a beer business. 10% of the total BNBEER tokens incentivize the Binance team to participate as a project advisor.

According to the whitepaper, BNBeer aims to build a team with a motive to build better technology than the one currently available. The team believes that by increasing the transition to adopting cryptocurrency, BNBeer will help people to earn.

BNBeer (BNBEER) is a loyalty token allowing holders to profit from consumer benefits, discounts, project decisions, and reflection from every transaction and benefit from times of volatility. In addition, HODLers (crypto traders who purchase and hold the asset) get to vote on various options for future beer and other rights. Reflections are tokens that traders receive directly in their wallets as rewards. The token possesses an auto-repurchase function to stabilize the token price and benefit traders. The feature is a built-in smart contract function that automatically repurchases a count of BNBEER whenever someone trades their token. The team also seeks to use the returns from the beer business and NFT (non-fungible token) sales to carry out a regular repurchase of BNBeer tokens. Other features of BNBEER include an audited contract, an anti-whale dump design, and a reasonable locking period. The anti-whale dump process is a set of rules preventing traders from falling victim to fraud schemes.  

The token launch of BNBeer (BNBEER) was done on PinkSale and PancakeSwap during Phase 1 of the project on November 7, 2021. The total supply of BNBEER is 1,000,000,000,000,000 tokens. Besides the 10% for the Binance team, 5% of BNBEER has been reserved for airdrops and digital marketing out of the total allocation. In addition, 28% is locked for liquidity, 5% gets allocated for promo, and the remaining 17% for burning. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key, meaning the tokens are lost forever.

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