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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.


How To Connect Binance Smart Chain (BSC) To Metamask Wallet 2022 | Send & Receive BNB

4 hours ago 7 minute read 0 comments CryptoEarnings101

Intro This tutorial post will show you how to connect your metamask to the “Binance Smart Chain” (BSC) network. This way you can hold your BEP20 tokens and also access DAPPS, DEX’s or even DeFi platforms that support Binance Smart Chain.  My name is...

Binance Assists in Recouping Fund for Victims of Contra Tech Fraud

5 hours ago 1 minute read 0 comments SilverLineswap

In order to help the victims of the Contract Tech scam from back in 2017–2018 recover their stolen assets, Binance exchange has revealed that it is actively engaging in the effort. The digital currency ecosystem has seen a lot of criminal activity ov...

How to use GetBlock Binance Smart Chain (BNB) nodes?

8 hours ago 1 minute read 0 comments GetBlock

BNB Chain — formerly known as Binance Smart Chain — is Binance's proprietary industry-leading network. BSC nodes are typically hosted through providers, such as GetBlock, to provide up-to-date services to users. In this article, we will discuss how G...

Ethereum - The Most Centralized Blockchain?

13 hours ago 1 minute read 1 comment Cryptofab

Although the recent Merge allowing Ethereum blockchain to move from Proof-of-Work to Proof-of-Stake consensus is good news for electricity consumption and ETH inflation rate, it is bad news for Ethereum decentralization. According to Leland Lee, one...

BTC Daily Technical Analysis: It's the End of the Short Squeeze Before the Long Squeeze? / My new open positions!

27 Sep 2022 1 minute read 0 comments FreedomBuilder

Only have the BTC which has performed since yesterday but ETH and the alts have not done much, I can conclude that the down trend will continue after we have trapped the shorts on the BTC, but I have a doubt on the level of 18.5K as support which hel...

Why is Binance Supporting LUNA? Why is it Pumping?

27 Sep 2022 1 minute read 2 comments Drake Flyer

On one hand LUNA was one of the best crypto projects out there, on the other hand one of the biggest threats to the centralized banks. Just this sentence makes it obvious that a project like this must have failed for someone’s good. (someone=traditio...

The path to the Tallest Tower in the world...

26 Sep 2022 3 minute read 0 comments qsyal

I think we've all heard of the well-known saying "what doesn't kill you makes you stronger", but while it's a common saying, it's a bit rare to see someone getting up stronger after a hard setback. Perhaps, it's just one of those theoretical proverb...

QUANTUM APE CLUB - NFT Collection with high daily income in BUSD tokens, 225% monthly APR and 20 days ROI

26 Sep 2022 1 minute read 0 comments ShadowCrypto

QUANTUM APE CLUB - NFT Collection with high daily income in BUSD tokens, 225% monthly APR and 20 days ROI   NFT Quantum APE Club Collection: https://bit.ly/3r9AFqk   Collection of NFTs with Tematica APE that is well known in the Crypto environment, s...

BTC Daily Technical Analysis: Signs of a Short-Term bullish Reversal & The Start of a Short Squeeze!

26 Sep 2022 1 minute read 0 comments FreedomBuilder

The Dollar is starting to show the first sign of weakness from the bulls with today's 1D Long Wick Candle getting rejected strongly from 114.38 but to watch the candle close! The next level of support will be at 110 in confluence with the 61.8% fibo....

Ether Issuance Has Fallen 98% Since the Merge

26 Sep 2022 2 minute read 4 comments Allen Taylor

ETH issuance has fallen 98 percent since the Merge. Is Ethereum POS a threat to Bitcoin dominance? Cardano Founder Charles Hoskinson tweeted that Ethereum would have completed Merge faster by using the Snow White upgrade. The SEC claims all ETH trans...