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.


National Digital Currency: The Next Step of Blockchain Evolution.

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  Recently Philadelphia’s Federal Reserve bank president Patrick Harker came out with a remarkable statement that it is “inevitable” for the central banks, including the U.S. Federal Reserve, to start issuing digital currency. This is a great leap fo...

Bitcoin Holders Are Crazy!!! BTC Price Prediction December 2019!!

1 week ago 2 minute read andreaskanel $2.10 tipped

Most Bitcoin holders don't sell! And we are talking about a year that there was an upward trend 4 times since the end of 2018.     According to a study by Rhythm analyst, it was found that 11,580,000 Bitcoin, which means, about 60% of the circulatio...

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2 days ago 1 minute read kingscrown $2.07 tipped

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Binance asking 0% fee over XTZ staking rewards. An issue?

1 day ago 2 minute read Allen Walters $0.44 tipped

Tezos is a smart contract platform. The Tezos' blockchain uses a PoS consensus mechanism called LPoS. Holders of XTZ can bake or delegate their coins and earn PoS rewards. People running a node, are called bakers. People who don't want to run a node,...

WazirX and Binance making it easier for Indians to get into cryptos - Incredible!!

1 day ago 3 minute read Greenchic $1.58 tipped

  Last month’s exciting news for me was Indian crypto exchange WazirX’s acquisition by giant international exchange Binance. Both these exchanges are from where I acquire my cryptos which I generally store in Atomic wallet and Celsius Wallet(: … So,...

A quick history about CZ Changpeng Zhao to Binance BNB.

1 day ago 1 minute read Crypto Beeporter! $0.15 tipped

In early 2017, Binance held an ICO in July of the said year and it was founded by Chinese Entrepreneurs, investors, Businessman Changpeng Zhao or CZ.  CZ is a Chinese-Canadian business executive who owned the world's largest cryptocurrency exchange b...

The cryptocurrency binance exchange is ready to open an office in Turkey, in Istanbul

4 days ago 1 minute read Roberto D. $0.12 tipped

That Binance is the most innovative in the panorama of trading platforms and is always looking for new ways to grow is something quite known, what we did not expect, despite having become very active in the country, was the opening of a physical offi...

Is the KYC scandal from Binance growing? How Did This Affect Users?

6 days ago 1 minute read kripto sedat $0.14 tipped

    Is the KYC scandal from Binance growing? How Did This Affect Users?     New statement from Binance on KYC scandalBinance, the world's largest cryptocurrency exchange, as we know it, was recently rocked by a data scandal. Some of these documents...

New acquisition for binance, the cryptocurrency exchange gets its hands on DappReview

6 days ago 1 minute read Roberto D. $0.04 tipped

The news came with a press release released yesterday, according to what has been reported, binance, among the first exchange on the market for traded volumes, acquired DappReview; it is a decentralized App which in turn provides information and revi...

New x100 Leverage Cryptocurrency Derivatives Exchange

1 week ago 1 minute read kingscrown $0.18 tipped

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Binance CEO, CZ recommends 10 books for the holidays

1 week ago 5 minute read BlessedBoy $0.18 tipped

As expected, the end of the year is approaching, which means that soon, there will be vacations for everyone, even for traders, investors, or Binance workers. That is why the Binance CEO wanted to offer a list of interesting books to be read during t...

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1 week ago 5 minute read daniejjimenez $1.59 tipped

Amid the recovery of the price of Bitcoin and the levels of market capitalization, there are some tokens that have had a respectable performance during the week and in large part during the month of November. We refer to cryptocurrencies issued throu...

Binance Futures offers leverage to ETH

1 week ago 3 minute read BlessedBoy $0.25 tipped

Binance recently announced that they will offer leverage for ETH on its Binance Futures Trading platform, it is estimated that the amount could exceed 50 times the value of the contract that has been fixed. Thanks to the new Binance launch, many more...