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.


The Perfect Candidate for a Green God Candle: CHARLIESHEENWINNING $BANGER Token on the Binance Smart Chain.

2 Jan 2024 1 minute read 0 comments Arthur John

In the untamed realm of crypto, where authenticity reigns supreme, #CHARLIESHEENWINNING stands tall, flipping the script with a touch of humor. Launched before the dawn of the new year, this token radiates optimism and hope, underpinned by robust fun...

pancake swap or how things got mainstream

2 Jan 2024 1 minute read 0 comments ahinga

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Important move by Indian Government on Offshore Crypto Exchanges!

2 Jan 2024 1 minute read 2 comments HiRaj

Dear Readers,  With this article, we will be discussing an important crypto update in India. We all know that India tightens the crypto operations in India and levied stringent operation frameworks on Virtual Digital Assets including the tax. The Res...

The Truth about Binance and the once and future king, CZ! and YEAH WE CAN HANDLE THE TRUTH BABY!!!!!

2 Jan 2024 5 minute read 27 comments Dave Sawyer

Cryptonauts we LOVE YOU!!! miss you sooooo much!! Funny Crypto news everywhere mighty watch army, kick in the afterburners on the sleds & lets' RIDE for truth justice and LAUGHS!!!   Reading music from davebot, who lives by swapping into unused memor...

Massive Security Breach Hits Orbit Chain: $82 Million Stolen!

1 Jan 2024 1 minute read 2 comments CryptoHott

In some big trouble for Orbit Chain, their bridging service, Orbit Bridge, got hit hard by hackers, losing a whopping $82 million. Here's the breakdown: The bad actors pulled off five sneaky moves, grabbing $30 million in Tether, $10 million in USD C...

Building a crypto momentum trading strategy — Part 2

1 Jan 2024 6 minute read 1 comment fmiren

This is the second part of the article on building a crypto momentum trading strategy. The first part can be found at: https://medium.com/coinmonks/building-a-crypto-momentum-trading-strategy-4527bbe1bbac     The strategy from scratch F...

2024 Cryptocurrency Outlook: Expert Predictions with a Personal Touch

31 Dec 2023 1 minute read 0 comments CryptoHott

As we step into 2024, let's dive into what the experts foresee in the cryptocurrency world. It's not just about numbers; it's about the stories these predictions tell. Spot Trading Leaders - Shifting Tides: Binance, riding high last year, is like a...

The Crypto Surge: Welcoming Nearly One Billion Users by 2024

30 Dec 2023 1 minute read 0 comments CryptoHott

In the face of challenges in 2023, the crypto community is gearing up for a remarkable comeback, and the buzz is all about reaching close to one billion users by 2024. Beyond the charts and numbers, there's a genuine sense of excitement and optimism....

Am I Spending Too Much Time on Crypto Trading?

30 Dec 2023 1 minute read 7 comments Cryptofab

I recently discovered in the Binance 2023 year in review that I've already spent over 1,400 days on Binance, with 346 of those days being just for 2023. I'm not sure if that's a lot or a little, but it's definitely made me question how much time I'm...

The $62 Gamble: Turning Tiny Crypto into a $2 Million Jackpot with Silly Dragon

29 Dec 2023 1 minute read 1 comment CryptoHott

In a tale that feels almost like a modern-day fairytale, one person, armed with just 1.5 SOL (Solana's cryptocurrency), ventured into the crypto forest and stumbled upon a treasure chest filled with $2 million, all thanks to a charming memecoin calle...