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 Launchpool Gets Crypto Gaming Platform - Portal

22 Feb 2024 1 minute read 0 comments Novasky

Portal gaming platform has been getting into the news lately. And they have just got the launch on the Binance Pool. So you can expect random airdrops for holding your BNB. So like most of the airdrops and launch pool rewards, you get the chance to h...

Introducing Portal, Binance's latest launchpool

21 Feb 2024 1 minute read 1 comment LeftFooted

Portal is a cross-chain gaming platform that's currently garnering funds with Binance launchpool. So far, Portal has received $29 million in funding, selling 33 percent of its total supply. The total supply is 1 billion Portal, and by the time the co...

Decentralization Among Proof of Stake Chains

20 Feb 2024 6 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

Why did Binance invest in Ethena Labs?

19 Feb 2024 1 minute read 1 comment KMatt

Ethena Labs is an innovative company that is revolutionizing the world of decentralized finance (DeFi) with its integrated yield stablecoin called USDe. What is USDe? USDe is a token pegged to the US dollar, specifically a delta-neutral synthetic dol...

How I Turned My Internet Bandwidth into a $2000 Passive Income!

17 Feb 2024 6 minute read 5 comments Cryptoindulgence

The advent of the internet has revolutionized the concept of money making; gone are the days when revenue can only be generated by conventional means of hard work and labour. Much similar to the concept of physical properties, digital assets represen...

The Most Crypto Friendly Countries

17 Feb 2024 1 minute read 3 comments Cryptofab

I recently read an interesting article from Binance about Switzerland's embrace of cryptocurrencies. As someone who's constantly dreaming of the next crypto frontier, it sparked a thought: Could this land of cheese and mountains be my future investme...

Chinese NY Dragon - NFT Game Play To Earn with HIGH ROI! Let's play and earn crypto!

17 Feb 2024 1 minute read 0 comments ShadowCrypto

Chinese NY Dragon - NFT Game Play To Earn The game already has various rarities of NFTs, all of them with interesting ROI, as well as an integrated marketplace where you can trade your dragon NFTs. Based on the Year of the Dragon, the game has been...

BEP2 vs. BEP20 - Difference Between Binance Chain and BNB Smart Chain

16 Feb 2024 4 minute read 3 comments Guarda Wallet

BEP2 and BEP20 are two different token standards used in the Binance Chain and Binance Smart Chain networks. The main difference is that BEP2 is a protocol used for native transactions on the Binance Chain. At the same time, BEP20 is a protocol used...

Winter Creativity And The Binance Tree Decorations

16 Feb 2024 2 minute read 6 comments PVM

I got sad when Binance earning opportunities were stopped for UK based users, and moved my crypto from there. I still followed the news and was weird to think that Binance will move forwards without CZ!  Creativity is one of my top traits and when th...

Crypto in Crypto-Friendly Banks: Friend or Foe? Should You Ditch Your Wallet?

16 Feb 2024 1 minute read 0 comments Cryptofab

I recently read an interesting article from Binance about Switzerland's Crypto Valley, giving some names of crypto friendly banks… It got me thinking – while it's definitely a hotspot for crypto businesses, there's a whole world of possibilities beyo...