Company: BNBX
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001104659-25-105958
Chunk: 10

Company: BNB PLUS CORP.
Filing Date: 2025-11-04
Form: 424B5
Chunk 10
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afuel” system (which allows third
parties to pay gas fees on behalf of users in stablecoins or BEP-20 tokens), expanded anti-MEV protections (techniques designed to prevent
“Maximal Extractable Value” (MEV) exploitation), and native liquid staking that aims to enhance validator participation and
network security, according to Binance.

The BNB Chain has implemented a burn policy, which
is designed to reduce the total supply of BNB from 200 million to 100 million tokens. According to Binance, there are two distinct methodologies
through which BNB can be burnt: the quarterly BNB burning event and a percentage of the BNB used as gas fees on the BNB Chain. Since December 2021,
the auto-burn system calculates quarterly burns based on BNB’s price and BNB Chain block production, replacing the earlier method
of using 20% of Binance’s profits for buybacks. Additionally, since November 2021, the BEP-95 upgrade burns a portion of the
gas fees on the BNB Chain in real-time, proportional to network activity. Burned tokens are sent to an irretrievable blockchain address
and cannot be reissued, with transactions publicly verifiable on the BNB Chain. According to Binance, the BNB burn policy is intended
to have a deflationary effect, potentially increasing the value and price of BNB. As of July 2025, approximately 40 million BNB reportedly
remain to be burned to reach the 100 million target. While these burn mechanisms are publicly disclosed by Binance, they are subject to
change, as they are administered by Binance and BNB Chain validators, which are outside of the Company’s control, and they may not
achieve their intended deflationary effect. U.S. regulators have scrutinized burn mechanisms in past enforcement actions, with the SEC
citing issuer-controlled burn programs as evidence of efforts to influence a cryptocurrency’s value consistent with securities characteristics.
If regulators were to reach a similar conclusion regarding BNB’s burn mechanism, it could increase the likelihood that BNB would
be classified as a security and subject to heightened regulatory restrictions, adversely affecting its liquidity and price.

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While the Binance ecosystem continues to grow
with expanding developer activity, diverse use cases, and increasing institutional interest, it faces risks common to the crypto space—regulatory
uncertainties, technological competition, and market volatility. In addition, a significant