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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.


Report Claims Binance will Delist All U.S. Based Cryptocurrencies, while CZ Denies It

19 Feb 2023 2 minute read 8 comments ZeroRequiem

Hey Peeps!     On February 17th, Bloomberg News published a report that claimed Binance would be cutting ties with U.S. business partners, and delisting all U.S.-based cryptocurrencies, as a result of the increased regulatory pressure put on the com...

Zombie Skrat: The Only Game You'll Ever Need for Zombie-Killing Action!

18 Feb 2023 2 minute read 0 comments thefreethinkeer

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One year Experience of Binance

18 Feb 2023 1 minute read 0 comments Shahzadsomro

  I told in previous article that cryptocurrency will become business partner of mine in future. A cryptocurrency business can't run without Binance. Binance plays vital role in crypto market.  I have been sharing since one year experience of binance...

FT crypto watch Feb 17th!!

18 Feb 2023 7 minute read 10 comments Dave Sawyer

Cypherpunks we love you!! & the unknowable Pub0x!! Let's do the tradfi crypto news review with love & happiness like we should!  Reading music:  time for an MJ tribute just because!! Annie are ye OK?  What's UP in the salmon lady???  Fiat war machin...

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18 Feb 2023 1 minute read 0 comments Cryptunderground123

Probably the best Crypto Casino available... Telos.Casino (Powered by OwlDAO) One of the newest additions to the Telos chain ecosystem is a beautifully designed and feature packed casino that has everything you would expect from a regular fiat casino...

RUN DAY BLOG STEPN #23 2023

17 Feb 2023 1 minute read 0 comments damorf

Welcome to all of you crypto walkers and runners!   Today, i have run 39 min and 50 sec, at about 5.44 min / km, doing 6176 steps, covering 6.14km. I used 6.2 energies. I received 76.74GST and one box level 3. SOLANA PRICE TODAY 23.03$ GST PRICE TOD...

Is Binance.US the next FTX?

16 Feb 2023 2 minute read 13 comments ZeroRequiem

Hey Peeps!     On February 16th, Reuters dropped bombshell report that claims Binance's affiliate company in the United States, Binance.US, moved $400 million to Merit Peak Ltd, which is a trading firm managed by Binance CEO Changpeng "CZ" Zhao.  No...

AIon Mars (AIONMARS) Crypto Information & News

16 Feb 2023 3 minute read 0 comments CryptoHott

What is AIon Mars (AIONMARS)? Artificial Intelligence on Mars (AIonMars) Explore the red planet. It is a decentralized virtual world that combines blockchain technology and artificial intelligence to create a unique and immersive experience. AI can...

Lunc x Binance burn explenation

16 Feb 2023 1 minute read 0 comments RoursTV

Binance Announces LUNC Token Burn, Boosting Investor Confidence Binance, one of the world's largest cryptocurrency exchanges, has announced that it will be conducting a burn of LUNC tokens, the native cryptocurrency of the LUNAcoin platform. This mov...

What Happens To L1 Tokens Today? (16 Feb 2023, Thursday)

16 Feb 2023 10 minute read 2 comments quantdoge

"What happens to L1 Tokens today?" is a crypto news curator that curates high-quality and insightful Layer-1 Token news for you daily. Recently, we have just launched our website, which aggregates all tools we have developed to help you in becoming...