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.

The Great Binance Crisis: Paysafe abandons the exchange

29 Sep 2023 1 minute read 7 comments KMatt

Paysafe abandons Binance, so it will no longer be possible to deposit Euros on the exchange. The platform has been inviting all customers for a few days to convert all EUROs into USDT before October 31st as Paysafe, the banking partner, has ceased it...

NULS 6 Years: From NULL to NULS

28 Sep 2023 3 minute read 1 comment NULS

A Voyage From NULL to NULS, Building From Nothing to Beyond the Imagined   To the NULS community: Hello NULSer, NULS wishes you all a great year today as NULS is celebrating its 6th anniversary! Six years is a long journey in the blockchain world bec...

Maverick on zkSync - Earning, Locking And Voting

28 Sep 2023 2 minute read 6 comments PVM

I discovered Maverick after Binance added $MAV farming as a launchpool, and done a little research about the project. Maverick is a composable DEX that enables LP to achieve high capital efficiency through different strategies, and being deployed on...

Here's Why Binance is Best for Taking a Crypto Loan

28 Sep 2023 1 minute read 0 comments Coins Reporter

Recently I have taken my first crypto loan and must admit that my experience with 'Binance Loans' has been very smooth. Though I have not been a huge fan of Crypto's lending or borrowing ability, I have come to know many crypto companies that claim t...

TOKEN2049: A Bull Market Outlook and Complex Regulations

27 Sep 2023 5 minute read 1 comment Web3 MKT Researcher

The cryptocurrency event TOKEN2049 concluded successfully in Singapore. This event attracted nearly 10,000 people, including project developers, investors and industry experts from all over the world, and various topics were discussed enthusiasticall...

Binance and Mitsubishi Trust Bank team up for a new stablecoin

27 Sep 2023 1 minute read 0 comments KMatt

Mitsubishi UFJ Trust Bank, one of Japan's largest banks, has announced a strategic collaboration with Binance Japan and Progmat to explore the creation of a new stablecoin.The new stablecoin anchored to the Japanese yen but also to other foreign fiat...

The SEC Prepares for Shutdown After White House Issues Shutdown Warning

25 Sep 2023 1 minute read 2 comments Cje95

Last week SEC Chairman Gary Gensler warned that without funding come October 1st, the SEC will start being run by what he called a skeleton crew. Today the White House issued a "shutdown warning" to all Federal Departments and Agencies so that the es...

1 BTC Project - Bye Bye Binance

25 Sep 2023 2 minute read 6 comments 1BTC Project

I wrote about this in August of 2023 but as of today -September 25, 2023 - it has become official. Binance has exited the Canadian market.  This is very frustrating for me because I have been using Binance for two ends.  1. I have some trust that t...

Are Your Crypto Funds Safe? Top Cybercrime Stories

25 Sep 2023 1 minute read 3 comments Cryptofab

I read today that exchanges like Binance are strengthening their relationships with some countries. One of the reasons is the risk of cybercrime. From billionaires to exchanges, no one seems safe from crypto hacks and attacks. Let's take a look at so...

Build a Trading Bot Using Node.js and Binance API: Turn Your Computer into a Money Machine

24 Sep 2023 5 minute read 2 comments leobgrt

First things first, let’s address the elephant in the room: there are countless trading bots available online, many with impressive track records and a long list of satisfied customers. So, you might be wondering, why in the world would you want to b...