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.


Is Kucoin the Next Domino to Fall? US Crackdown Sends Shivers Down Crypto Spines!

27 Mar 2024 1 minute read 1 comment Cryptofab

I recently read that Binance joined the Global Travel Rule Alliance to play nice with regulators (click here to learn more). Sounds boring, right? But it actually tells a much bigger story about what's going on in the crypto world, especially for tho...

Binance Bans USDC Transactions on the Tron Network, More of the Same?

26 Mar 2024 2 minute read 2 comments CryptoEntrepreneurs

Events in the world of cryptocurrencies never cease to surprise us, Binance, that digital asset exchange giant, has decided to close the tap on transactions involving USDC on the Tron blockchain. Incidentally, USDC is a digital stablecoin pegged to t...

The Binance Labs Investment Observer - The Omnichain Liquidity Distribution Network StakeStone

26 Mar 2024 1 minute read 4 comments Cryptonator`s

There are so many useless meme coins flooding the different blockchains right now. This makes it challenging for legitimate crypto projects to gain attention. This is especially true for projects that are more complex than simple meme tokens like the...

Bitcoin jumps again and other news

26 Mar 2024 1 minute read 1 comment Yugocean

Bitcoin Jumps Again  Bitcoin's value has once again surpassed $70k. In such a case, individuals or groups who bought BTC at the $60k level have made a significant profit from the "Buy the Dip" strategy. The richest Bitcoinist, Satoshi Nakamoto, curre...

Should I Leave My Coins On Binance?

26 Mar 2024 1 minute read 1 comment Cryptofab

Just finished reading an blog post about Binance customer service (click here for more details). Let's just say it wasn't exactly a ringing endorsement for trusting a centralized exchange (CEX) with my hard-earned crypto. Now, I'm all for the conveni...

Why I often mix politics with crypto

25 Mar 2024 2 minute read 3 comments Kovichni

Some of you might have noticed how I write about a variety of topics but every now and then mash a political topic with a crypto topic. It's not out of my bias or personal opinion, it's because some people politicize EVERYTHING. And yes you guessed i...

BINANCE EXECUTIVE, NADEEM ANJARWALLA, ESCAPES FROM LAWFUL CUSTODY IN NIGERIA WITH SMUGGLED PASSPORT.

25 Mar 2024 2 minute read 0 comments Austine_solid

BINANCE EXECUTIVE, NADEEM ANJARWALLA, ESCAPES FROM LAWFUL CUSTODY WITH SMUGGLED PASSPORT Press Statement BINANCE EXECUTIVE, NADEEM ANJARWALLA, ESCAPES FROM LAWFUL CUSTODY WITH SMUGGLED PASSPORT ABUJA , 25 March 2024 - The Office of the National Secu...

New & Existing Users Can Complete Courses in BNB Chain Developer Specialization and Share Up to $10,000 in BNB Rewards!

25 Mar 2024 1 minute read 1 comment katerinaramm

Another exciting opportunity is here for you, life-learners! We have all got a new way to learn, while earning some $BNB to reward us for our time. I just saw it today, will be definitely doing this, and wanted to share it with you! (Image Cred...

Did the Crypto Bull Run Already Hit Its Peak?

25 Mar 2024 1 minute read 0 comments Cryptofab

I recently stumbled on a Binance blog post showing that their top 10 crypto index has increased by 191.7% since December (click here for further details). That kind of growth in just a few months is unheard of in traditional finance. It's enough to m...

BNB Chain: Innovations and Growth in 2024

24 Mar 2024 3 minute read 0 comments letssittt

Introduction It one can say that the BNB Chain (formerly called Binance Smart Chain) is the pioneer in this regard where it leads in the direction of blockchain innovations as well as improving efficiency. Moving into the year 2024, it can make a st...