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 Busts Baddies...But Who's REALLY on Their Side? The Global Crypto Crackdown You NEED to Know About

21 May 2024 1 minute read 0 comments Cryptofab

We've all heard the news: Binance is teaming up with some countries in Asia to take down some major crypto criminals. Sounds great, right? But it got me thinking...what does this REALLY mean for the future of crypto, and more importantly, where do di...

Binance, You're Starting to Sound Like a Broken Record: A Plea for More Creative Crypto News

20 May 2024 1 minute read 0 comments Cryptofab

Okay, Binance, we need to talk. I get it, you're proud of your track record in helping law enforcement crack down on crypto crime. And you should be! It's commendable work that contributes to the legitimacy and security of the crypto ecosystem. But h...

Sophia Sheth - No Second Chance

19 May 2024 1 minute read 0 comments Louky

🌟✨ Step into the neon-lit streets of nostalgia with Sophia Sheth enchanting synthwave journey, No Second Chance, from her debut album, "Stardust"! 🎶 Set to grace all major streaming platforms    Immerse yourself in the pulsating rhythms and...

DEGEN: The Meme Coin that Could 100x Your Investment... or Rug You?

19 May 2024 1 minute read 1 comment Cryptofab

Alright, degens, gather 'round. I've been scrolling through CoinGecko, and this DEGEN token on Base caught my eye. It's giving me serious meme coin vibes, and we all know how those can explode. But is this one worth the risk? Let's dive in. What the...

Coinbase Vs. Binance: Which Crypto Exchange Platform is Better

19 May 2024 6 minute read 0 comments MicaR

Binance was launched in 2017 and within 6 months, the exchange platform became the number one crypto exchange company in the world. Binance has a presence in over 140 countries, none of the existing decentralized exchanges or centralized exchanges ha...

The Shocking Truth About Crypto Money Laundering: You Won't Believe How LITTLE It Actually Is!

18 May 2024 1 minute read 1 comment Cryptofab

I constantly see news about Binance working with different countries to fight against money laundering through cryptos... But how much does it REALLY represent? 🤔 Is the crypto world a hotbed for dirty money? I can't help but wonder every time I see...

Binance Busted a $6 Million Laundering Ring, But Is It Just a PR Stunt?

17 May 2024 1 minute read 1 comment Cryptofab

I recently read that Binance helped Taiwanese authorities bust a massive money laundering ring. This made me wonder if Binance is finally trying to clean up its act. Are they trying to shake off their "wild west" reputation and gain legitimacy with r... funny exploit today

16 May 2024 1 minute read 0 comments Ticktalker

The crypto world is an ever interesting rollercoaster, let me share with your an exploit that happened today was the victim   A Solana wallet was buying all tokens on Pumpfun within minutes to fill bonding curve to 100% and dumping it imme...

Spot Copy Trading on Binance: Earning Through Following or Leading

16 May 2024 1 minute read 2 comments Cryptofab

I recently discovered that Binance now offers Spot Copy Trading. This feature allows users to automatically copy the trades of other users on the platform. How Does Spot Copy Trading Work? With Spot Copy Trading, you select a trader to follow. Whenev...

The Evolution and Impact of Interoperability Protocols: A Close Look at Cosmos

15 May 2024 8 minute read 0 comments letssittt

Introduction Blockchain technology is developing at an unprecedented pace and the issue of interoperability is still a very difficult problem. Blockchain networks of different kind and each with different features and capabilities generally work in i...