Sirwin
Sirwin

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.


There is NOT A new launchpool

12 May 2024 1 minute read 0 comments LeftFooted

See what I did there with the headline? I was also tempted to go with this other option: "There is a new launchpool NOT" Anyway, there's a new launchpool on Binance, for a token called NOT. Notcoin (NOT), the 54th project on Binance Launchpool, is...

Crypto Weekly Recap: SEC vs Ripple Nears Conclusion, Binance Relaunches in India, FTX to Refund Users; and More (May 5–11, 2024)

12 May 2024 4 minute read 0 comments MelegaSwap

Bitcoin (BTC) experienced a significant drop this week, falling to around $60,300 after a notable 4% decrease over the past seven days. Although the coin had reached an all-time high of $73,750 a few days before the most recent halving, the current d...

Did You Know These Countries Are also HODLing Bitcoin?

12 May 2024 1 minute read 1 comment Cryptofab

While I was catching up on the latest Binance news about their El Salvador collab, I stumbled upon something mind-blowing. Apparently, the US government isn't just keeping an eye on crypto – they're HODLing a hefty bag of it too! 🇺🇸 According to a re...

Binance and Kucoin are compliant with Financial Intelligence Unit in India

11 May 2024 2 minute read 2 comments Bala

A few months back a notice was sent to many cryptocurrency exchanges from the Financial Intelligence unit in India. This was for regulatory reasons and there was a panic situation around the investors too. This created a lot of confusion among the in...

El Salvador Beach Bliss: But Where Else Can I Go On Vacation as a Bitcoiner?

11 May 2024 1 minute read 1 comment Cryptofab

So I was just scrolling through crypto blogs and saw this interesting post from Binance about their cooperation with El Salvador: https://s.binance.com/wnnbsPHs It got me thinking - El Salvador, with their whole Bitcoin thing, could be an epic summer...

Notcoin (NOT). Pre-Summary 2 (hmm...Binance?)

10 May 2024 1 minute read 0 comments Crypto_MD

Notcoin (NOT). Pre-Summary 1   Introducing Notcoin (NOT) on Binance Launchpool! Farm NOT by Staking BNB and FDUSD Binance will then list NOT at 2024-05-16 12:00 (UTC) and open trading with NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD and NOT/TRY trading pa...

Dispute among creditors over FTX's compensation plan

10 May 2024 1 minute read 2 comments Yugocean

Dispute among creditors over FTX's compensation plan          FTX has proposed to sell assets, and pay creditors 118% of the then token value. This plan has divided lenders into two groups.    Objection: FTX creditors' representative Sunil Kavuri, ci...

Is That New Crypto Exchange REALLY Legit? Here's How I Learned to Avoid Exit Scams (and Maybe You Should Too!)

9 May 2024 2 minute read 0 comments Cryptofab

Let me tell you, my heart sank a little when I saw the Binance post about ZKcasino. This whole gambling platform – seemingly out of nowhere – just disappeared into thin air. Apparently, they took a ton of people's money with them. Yikes! That got me...

Experience the Musical Feast of "DANS MON ASSIETTE" by Alvin Chris

8 May 2024 1 minute read 0 comments Louky

🎤🍽️ Experience the Musical Feast of "DANS MON ASSIETTE" by Alvin Chris ft. Double Zulu: A Fusion of Trap and Afro-American Vibes! 💥🎶   🌟 Genre-Defying Artistry: At 28, Alvin Chris refuses to be confined by genre boundaries. His music traverses h...

Crypto Changed Lives in Brazil?! My Binance Story Made Me Wonder...

8 May 2024 1 minute read 0 comments Cryptofab

Wow, just read some amazing news about Binance Charity stepping up to help people in Brazil: https://s.binance.com/c1Z2GAaS Seriously, it got me thinking about this whole crypto thing again. You see, down in Rio Grande do Sul, Brazil, there's been so...