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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.

NULS officially joins the Hong Kong Blockchain Association

21 Feb 2023 1 minute read 1 comment NULS

It is with great pleasure that we are here to announce that NULS has officially joined the Hong Kong Blockchain Association (HKBA)! Under the current economic circumstances, Hong Kong has advantages in policies. With an international environment and...

My February Crypto Review - From Biswap With Love!

21 Feb 2023 4 minute read 6 comments PVM

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20 Feb 2023 2 minute read 0 comments Making Cents

1. Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao 📰 Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a tr...

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20 Feb 2023 3 minute read 1 comment FrMkII

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First Half of February in 2023 / ENULS Main-net is Now Live

20 Feb 2023 3 minute read 4 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Assisted NTC in releasing Nerve's new mainnet version — v1.23.0. Proceed to deploy and launch the ENULS main network, th...


19 Feb 2023 1 minute read 0 comments damorf

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Cryptocurrency SCAM: Over 1/4 of New Cryptocurrencies Launched in 2022 are Scams

19 Feb 2023 1 minute read 1 comment spoopy_mulder

The cryptocurrency market has been on the rise in recent years, with many new tokens being created and launched almost daily. However, not all of these tokens are legitimate, and a recent study by Chainalysis has shown that over 1/4 of the new crypto...

Bitcoin Bulls Push Price Above $25,000 in Major Market Milestone

19 Feb 2023 1 minute read 0 comments spoopy_mulder

Bitcoin is making headlines again with its price surpassing the $25,000 mark, its highest value in the last eight months. The bullish run this week has seen Bitcoin's price increase by 18%, breaking through the region's resistance that some analysts...

Does Binance Have a Future after BUSD Drama?

19 Feb 2023 2 minute read 0 comments Drake Flyer

Hey there, fellow crypto enthusiasts! Binance's Popularity The exchange's popularity is due in part to its ability to cater to a wide range of users, from beginners to advanced traders, as well as its extensive selection of trading pairs and low trad...

Snail Project Play2Earn Game : The presale is already open

19 Feb 2023 2 minute read 0 comments Tirria

  "Snail Project" is a new play-to-earn online simulation game where players take on the role of a traveler who has arrived on a new planet to survive after life on Earth became unviable. The game offers players the chance to rent lands for farming,...