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 Crypto Charity More Than Just Hype?

18 Mar 2024 1 minute read 1 comment Cryptofab

I recently came across a blog post on the Binance website discussing a new charity initiative where they propose rewarding users for coming up with ideas to donate crypto. This got me thinking: is crypto charity sincere, or is it just a marketing plo...

Crypto Rollercoaster - Sell Now, HODL or Buy More?

17 Mar 2024 1 minute read 0 comments Cryptofab

Remember yesterday when I was all excited about that Binance blog post mentioning hidden gems like PIXEL? Well, things got a little... rough. Most altcoins, including PIXEL (down 11%), have taken a tumble. Look, cycles are normal in crypto. It's like...

Bitcone Puzzle; Hack the wallet for 1,000,000 bitcones

16 Mar 2024 1 minute read 0 comments CryptoEnthusiast

What if I told you this post has the seed word to a wallet full of cone? All you need to do is read all that lies ahead, examine the image and 12 words will reveal themselves to you. It won't be obvious, if it was then anyone could derive it from thi...

Binance Is Pushing These Crypto Projects…

16 Mar 2024 1 minute read 0 comments Cryptofab

I just stumbled on some interesting news about Binance by reading the following post: Binance Suhor Sessions  Binance is indeed hosting “Suhor Sessions” for some specific crypto projects. Here's a sneak peek at what's on the agenda: MANTRA (OM): Thi...

Binance and Binance Labs parted ways and other news

16 Mar 2024 1 minute read 0 comments Yugocean

  Binance Labs is not Binance's arm      According to new reports, Binance Labs, known as Binance's venture capital and incubation arm, is actually not a part of Binance Group. Binance Labs has also admitted this on its website. I think Binance may h...

15 Mar: The Pullback

15 Mar 2024 2 minute read 0 comments TheCryptoCurator

"Flexibility alone is not a great strategy, but the lack of it can ruin one." –James Clear Powered by Wubits - better than X because it's real people, real connections, and real conversations. Top Performing Assets (24 Hours): $SOL -1.60% | $BNB -5.3...

Crypto Hodlers: Is It Time To Cash Out? Watch The Signs...

15 Mar 2024 1 minute read 0 comments Cryptofab

So I was scrolling through Twitter today, like you do, and came across a blog post about Binance's latest charity initiative. Now, don't get me wrong, helping others is fantastic, but something about this whole thing rubbed me the wrong way. Here's t...

$ETHFI On Binance Launchpool - Sell Or HODL?

13 Mar 2024 2 minute read 10 comments Cryptonator`s

This is how I prefer it. The old $AEVO Launchpool recently concluded, and a new Launchpool has already been revealed.  Let's check out Ether.Fi, the latest project to launch its token on Binance Launchpool, and if it is a good long-time investment. ...

Binance vs Coinbase: Decoding the Best Exchange for Your Crypto Needs

12 Mar 2024 6 minute read 4 comments Guarda Wallet

In the vibrant world of cryptocurrency exchanges and the latest Binance news and Coinbase news, a Binance vs Coinbase comparison is vital for successful trading. These platforms have established themselves as leading destinations for traders and inve...

Top Crypto Exchange Product Report 2024 - TokenInsight

12 Mar 2024 1 minute read 0 comments KMatt

Centralized cryptocurrency exchanges (CEX) are currently a key element of the sector, especially considering the numerous products and services they offer, starting from the simple purchase and sale of cryptocurrencies, up to the possibility of earni...