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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.


SBF's Punishment is a Disappointment But a Step in the Right Direction

31 Mar 2024 3 minute read 1 comment Cje95

As most people know at this point SBF had his sentencing hearing on Thursday and his sentence has disappointed a lot of people, myself included. The more I have looked into it though and the more I read the fine details the more my mind is changing....

From Centralized Exchanges to DeFi: My Crypto Campaign Journey

31 Mar 2024 1 minute read 0 comments Cryptofab

So, the generous Binance's Easter giveaway got me thinking... Remember way back in 2020, when crypto exchanges were throwing money around like confetti? Yeah, those were the days. I actually got started with crypto thanks to Crypto.com's campaigns. B...

Is Binance Still the King of Crypto Exchanges?

30 Mar 2024 1 minute read 0 comments Cryptofab

So I was scrolling through the news feed today and saw this announcement about Binance launching a giveaway for Easter (click here to learn more). They're practically giving away free crypto! But with all the excitement, it got me thinking... is Bina...

The Binance Saga: Everything You Need to Know About it [Plus New Developments]

30 Mar 2024 4 minute read 2 comments Talha.Khalid

Binance, the largest bitcoin (BTC) and cryptocurrency exchange in the world, is the subject of investigations and accusations by authorities in five countries. A trend marked by accusations ranging from money laundering to illegal operations in some...

Binance Eggdrop: How Much You Can Win

29 Mar 2024 1 minute read 0 comments Cryptofab

Binance just launched the "Great Binance Eggdrop" where they're virtually dropping golden eggs filled with crypto prizes (click here to learn more). Here's the crazy part: these eggs can contain anywhere from $10 worth of crypto all the way up to a w...

How To Stay Anonymous As Crypto Hodler

28 Mar 2024 1 minute read 0 comments Cryptofab

I recently read that Binance joined the Global Travel Rule Alliance (click here to learn more). Let's face it, crypto can feel like the wild west sometimes. That's part of the appeal, right? But this Global Travel Rule Alliance sounds ominous, doesn'...

Is Kucoin the Next Domino to Fall? US Crackdown Sends Shivers Down Crypto Spines!

27 Mar 2024 1 minute read 1 comment Cryptofab

I recently read that Binance joined the Global Travel Rule Alliance to play nice with regulators (click here to learn more). Sounds boring, right? But it actually tells a much bigger story about what's going on in the crypto world, especially for tho...

Binance Bans USDC Transactions on the Tron Network, More of the Same?

26 Mar 2024 2 minute read 2 comments CryptoEntrepreneurs

Events in the world of cryptocurrencies never cease to surprise us, Binance, that digital asset exchange giant, has decided to close the tap on transactions involving USDC on the Tron blockchain. Incidentally, USDC is a digital stablecoin pegged to t...

The Binance Labs Investment Observer - The Omnichain Liquidity Distribution Network StakeStone

26 Mar 2024 1 minute read 4 comments Cryptonator`s

There are so many useless meme coins flooding the different blockchains right now. This makes it challenging for legitimate crypto projects to gain attention. This is especially true for projects that are more complex than simple meme tokens like the...

Bitcoin jumps again and other news

26 Mar 2024 1 minute read 1 comment Yugocean

Bitcoin Jumps Again  Bitcoin's value has once again surpassed $70k. In such a case, individuals or groups who bought BTC at the $60k level have made a significant profit from the "Buy the Dip" strategy. The richest Bitcoinist, Satoshi Nakamoto, curre...