Binance Coin (BNB)

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The Binance Coin (BNB) is a token that was released by one of the world’s largest exchanges, Binance, in August 2017. There are a total of 200 million tokens, with Binance conducting a burn every quarter based on trading volumes on its platform. Officials have stated that they plan to eventually burn 50% of all BNB tokens, reducing the total number of tokens to 100 million. Binance, which already has the Binance Chain and DEX (decentralized exchange), has said that the BNB token will play a significant role in the future of Binance ecosystem.

As is the case with exchange tokens, BNB ties in strongly with the exchange’s services and features, like the ICO launchpad and Binance DEX. BNB is a base pair for many popular tokens, and offers users discounts on fees related to the platform.  It has gained a lot of attention in 2019 for its performance with Binance steadily launching new services that permit the use of the BNB token. 

The discounts with BNB token are significant, though it will be halved with every passing year. The first year, 2018, sees a discount of 50% in fees, with the next 25% and so on until the fifth year, 2022, where discounts will stop. Currently in the second year, 2019, with a 25% discount, Binance have announced that they will retain the 25% discount for the third year. Having recently launched a margin trading facility on the platform, the BNB token also features heavily here, as it offers fees that are at half of the rate of any other trading pair. 

The strong performance and business strategy of the token has seen it receive praise from multiple insiders in the cryptocommunity, and it continues to perform well.

In this tag, read Binance Coin (BNB) news, price predictions, opinions and analyses created by users.


Binance: A Genius' Passion

1 week ago 15 minute read TwiceCrypto $3.46 tipped

It was the year 2017. Everyone was trading on Bittrex and it was considered to be a sanctuary for altcoins. Bittrex was the clear choice of being the heir to succeed the long-forgotten Poloniex where every aspect of the trading platform was better th...

Use, opportunities,prospects for using EDC coins in real life!

7 hours ago 4 minute read afif $0.07 tipped

 Hello guys,in this article I will explain how Use, opportunities,prospects for using EDC coins in real life! Okay before, I will explain what the EDC Blockchain.Launched in 2015, EDC Blockchain describes itself as a worldwide multi-currency platfor...

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2 Jun 2019 1 minute read cryptonewz $0.03 tipped

Enjin is getting more and more games every month!  Here is the list of projects atm: War of Crypto 9Lives Arena Age of Rust CryptoFights Cats in Mechs Bitcoin Hodler AlterVerse HEX World Makerverse Dyverse Containment Corps Kriptomat The Six Dragons...

Dogecoin lands on Binance (you can buy and deposit)

2 weeks ago 1 minute read The King of the North $0.02 tipped

Binance announced in a statement on its website that the Dogecoin cryptocurrency (DOGE) is now available for trading, with the following pairs: DOGE / BNB, DOGE / BTC, DOGE / USDT, DOGE / PAX and DOGE / USDC. Furthermore, users are given the opportun...

Are the Altcoins in trouble??

18 Jun 2019 1 minute read MDz $0.43 tipped

Are the next few days going to be dificult for altcoins?   Bitcoin currently stands at $9180. It has slightly dropped from the $9440, its highest price in 24h(reference Binance).   So what could possibly go wrong? Why do I believe alts may bleed? We...

1367% Up in 1 YEAR ($HYDRO)

7 Apr 2019 1 minute read MrCryptoPatrick $5.76 tipped

Today marks a special day for $HYDRO as it finally has enough data to produce an annual percentage increase. To begin, HYDRO is the native token of the open sourced project, Project Hydro, and is used for utility purposes such as P2P, onboarding new...

Setting up a simple crypto trading bot

26 May 2019 4 minute read Seperot $1.57 tipped

This guide is for people that want to do some automated trading, and not burn most of their profits paying for a premium for a service every month.   The Bot   The bot we are going to be setting up today is called Freqtrade It’s a very easy to set u...

Binance Jersey - GIWEAWAY 10 EUR up to 100 EUR

1 week ago 1 minute read almine $0.00 tipped

To celebrate Binance's 2nd anniversary, invite your friends to register and complete KYC on www.binance.je. You can both earn 10 EUR! Invite multiple friends and each user can earn up to 100 EUR. The total rewards for this promotion are limited to 10...

Binance Completes Seventh Quarterly Coin Burn

18 Apr 2019 1 minute read Gary Leland $0.11 tipped

The Binance exchange has completed its seventh quarterly coin burn since its inception. The coin burn is a tool to limit the supply of Binance Coin and a way to distribute the earnings of the exchange to holders of the asset. BitBlockBoom! - Take a...

The Rise of the IEO

29 Apr 2019 5 minute read D man $1.01 tipped

 What is an IEO? IEO stands for „Initial Exchange Offering“ and is the most significant emerging trend in the crypto markets at the moment. IEOs are basically token sales like ICOs (Initial Coin Offerings) with one fundamental difference. The token s...