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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.

Binance stops its Earn products for UK customers - including me...

7 Mar 2023 2 minute read 13 comments Technically Product

Sad times for Binance's UK customers: they can no longer take out new subscriptions for Binance Earn products including Simple Earn (both locked and flexible staking), DeFi Staking, ETH 2.0 Staking, BNB Vault, and Liquidity Farming. Unfortunately I'm...


7 Mar 2023 1 minute read 0 comments damorf

Welcome to all of you crypto walkers and runners!   Today, i have run 31 min 22 sec , at about 5.52min / km, doing 4841 steps, covering 4.68km. I used 5.4energies. I received 69.53 GST and one box level 3. SOLANA PRICE TODAY 20.08$ GST PRICE TODAY 0...

The Binance Redemption

7 Mar 2023 7 minute read 6 comments Feax21

I am certain that the majority of the readers of this article will try hard to find any relevance between the The Shawshank Redemption a well-known American film based on the 1982 Stephen King novella Rita Hayworth and Shawshank Redemption and the l...

Easy Cashback - Plutus Vs Binance Vs Payment Cards

7 Mar 2023 1 minute read 1 comment Cryptofab

I used to get cashback through card. However, after FTX collapse, I became a bit paranoid and decided to withdraw my staked CRO which automatically ended the cashback program. I moved then to Binance, but all the FUD (Fear, Uncertainty and...

BNB Chain Landed on ENULS

6 Mar 2023 1 minute read 3 comments NULS

Nervebridge Connecting BNB Chain and ENULS   In the first episode of “Knowing ENULS”, we introduced a method to swap your stablecoins, mainly USDT / USDC to USDTN / USDCN in ENULS ecosystem. SwapBox is a great tool that meets our stablecoin swap dema...

Most of the 5 best cryptos in March

6 Mar 2023 1 minute read 3 comments Alther

As the world awaits the arrival of Ramadan in March 2023, there are certain economic implications to consider. Crypto assets, such as coins and tokens, also need to be taken into account when evaluating the market value of the upcoming month. It is i...

More Binance Staking and Farming Products No Longer Allowed By UK Users

6 Mar 2023 1 minute read 5 comments XTRM™

More Binance Staking and Farming Products No Longer Allowed By UK Users - Earlier in February 2023 Binance issued a statement that many of its staking products from the 'Earn' services, are no longer available to UK residents and users. Products such...

Pointless BTC and Binance FUD

6 Mar 2023 3 minute read 4 comments Drake Flyer

I wish to start off with this: How many FUDs you know actually came true? I can barely name a few. In most cases it hits hard, and it hits when you don't expect it, and it is always about something you never thought it could happen (LUNA drop, FTX fr...

Is Binance Headed for Trouble With the SEC?

6 Mar 2023 3 minute read 12 comments Allen Taylor

Internal documents reveal Binance created Binance.US to elude U.S. securities regulators and tried to hire Gary Gensler before he became SEC chairman. This doesn’t look good for either Binance or Gensler. Last year, the Securities and Exchange Commis...

Introducing the Bitcoin Debit Card. Frequently Asked Questions

6 Mar 2023 1 minute read 2 comments Ahmiey

The Bitcoin Debit Card is the way to go. In 2023 alone there are more crypto users than ever before and the year has just began. Due to this increased growth, many businesses have observed that people are generally in favour of crypto alongside the o...