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 Labs Invests in Babylon to Support the Advancement of Bitcoin Staking

1 hour ago 3 minute read 0 comments Legosi🐺

Date: 2024-02-27 [YESTERDAY] Binance Labs, the venture capital and incubation arm of Binance has invested in Babylon, a Bitcoin staking protocol that pioneers the concept of native Bitcoin staking allowing users to stake bitcoins for PoS blockchains...

The Binance Labs Investment Observer - The Bitcoin Staking Revolution Babylon

4 hours ago 2 minute read 0 comments Cryptonator`s

I know that there are many different coins and tokens on the market that you can stake but I have never heard about staking Bitcoin. This has changed today as Binance Labs Fund, the investment arm of the cryptocurrency exchange Binance has announced...

Binance's Pet Giveaway and other news

5 hours ago 1 minute read 0 comments Yugocean

Binance Pet Giveaway   BinanceCat vs BinanceDog giveaway is back      Binance's giveaway offer of sharing a photo of your pet dog or cat with Binance Elements is back with a higher prize pool. But people are sharing stupid posts, making it a comedy s...

How and Where to Buy BNB Without Binance

16 hours ago 4 minute read 5 comments Guarda Wallet

BNB is issued by Binance, and one of the benefits of holding the coins is that it entitles holders to a discount on trading fees on the Binance exchange. However, many crypto enthusiasts opt for other platforms, even though Binance is the most popula...

Multiple Ways to Earn in Binance

16 hours ago 2 minute read 3 comments Mando on Crypto

Are you looking for ways to make money from crypto? Do you want to learn how to use one of the world’s leading crypto exchanges? If so, we will show you multiple ways to earn money in Binance, the platform that offers everything you need to buy, sell...

Those are the coins to buy and NEVER sell

25 Feb 2024 1 minute read 1 comment Ariman

Hello dear readers! I started my crypto journey back in 2019 and I don't regret all the mistakes I made, because thanks to them I've learned a lot; and I'm writing here to share some tips with you 🚀🚀.Here are the coins you should absolutely hodl an...

Crypto Weekly Recap: Stellar, Circle, Binance, Trump and More (Feb. 18-24, 2024)

25 Feb 2024 5 minute read 0 comments MelegaSwap

The cryptocurrency market has maintained its bullish momentum this week, as Bitcoin's market capitalization remained above $1 trillion. Bitcoin (BTC) reached a new high for 2024, hitting $53,019 on Feb. 20, only to dip to $50,000 on some exchanges sh...

You can earn a SUI on Binance if you learn this.

24 Feb 2024 3 minute read 3 comments Legosi🐺

Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by solid technological foundations. By employing a new object-centric data model, Sui supports dynamic and composable assets on-chain with transaction fin...

Binance simple earn giveaway

24 Feb 2024 1 minute read 0 comments Ticktalker

Hey anon Here is another free money coming your way. Binance simple earn just added a quiz for Pepe, they will distribute 700, 000 pepe to 50,000 simple earn users. All you have to do to participate is just answer the simple quiz so let me show you h...

$4.3 billion Binance-DoJ deal is approved by the US Court

24 Feb 2024 1 minute read 0 comments Yugocean

     The Binance-US DoJ (Department of Justice) deal has been approved by Richard Jones, judge of the Western District of Washington court. $4.3B Binance Airdrop to DoJ      The US DoJ got a $4.3 billion giveaway (legally in panelty) from Binance a...