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.


Exclusive: BNB Chain Team on 'Fueling Web3 Adoption' Post-Bitcoin Halving

20 Apr 2024 6 minute read 0 comments Mike Ermolaev

Welcome to the first episode of GoCrypto with Mike Ermolaev, an interview series brought to you by GoMining. This interview with the BNB Chain Core Development Team laid out their visions for both immediate and distant horizons of blockchain – includ...

Is Copy Trading Crypto's Secret Weapon... or a Recipe for Disaster?

20 Apr 2024 1 minute read 0 comments Cryptofab

I was just scrolling through Binance's blog and stumbled on this whole thing about "Private Portfolios" for copy trading (click here for more info). Basically, experienced traders can now create secret portfolios that only certain people (with an inv...

19 Apr: Is the Halving Priced In?

19 Apr 2024 2 minute read 3 comments TheCryptoCurator

"No matter what people tell you, words and ideas can change the world." –Robin Williams Powered by Wubits - better than X because it's real people, real connections, and real conversations. READ It's Frriiddaayyy Folks! Bitcoin is trading at $65,015...

Binance Introduces The Megadrop, A New Token Launch Platform

19 Apr 2024 2 minute read 6 comments Cryptonator`s

A few days ago, I published the article "The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit". Today, Binance has announced that it will airdrop BounceBit Tokens to its users. This time not via a Launchpool or a Laun...

Bitcoin Halving now and other news

19 Apr 2024 1 minute read 0 comments Yugocean

Bitcoin Halving Now      The Bicoin halving is almost there, yet the price of Bitcoin is behaving strangely. After the halving, miners' earnings will be halved, and mining will become more difficult. Historically, there has been a significant increas...

Binance Converts Security Funds to USDC: A Wise Move for Greater Stability?

19 Apr 2024 1 minute read 0 comments KMatt

Binance recently made headlines by converting funds from its Secure Asset Fund for Users (SAFU) into USDC, Circle's US dollar-pegged stablecoin. The SAFU fund Established in 2018, Binance SAFU is the emergency fund to protect users in the event of un...

Is Coinbase Becoming the Only Onramp for The US?

19 Apr 2024 1 minute read 2 comments Cryptofab

Did you hear that Binance FZE just got a VASP license in Dubai? This news got me thinking about the whole regulatory situation around the world. We all know crypto regulations can be a wild ride, and this Binance news in Dubai feels like a sharp turn...

New Exchanges Onboarded: Bitpanda/ DWF Liquidity Market

18 Apr 2024 2 minute read 2 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Tested and updated ENULS protocol. Assisted NTC in integrating a new Nerve cross-chain network protocol. Assisted NTC in...

18 Apr: No One KNOWS

18 Apr 2024 1 minute read 0 comments TheCryptoCurator

"The hardest thing to understand in the world is the income tax." –Albert Einstein Powered by Wubits - better than X because it's real people, real connections, and real conversations. READ Welcome to Thursday Folks! Bitcoin is trading at $61,712 whi...

WorldChain for WorldCoin and other news

18 Apr 2024 1 minute read 2 comments Yugocean

  WorldChain for WorldCoin    Sam Altman is creating a new Ethereum L2 blockchain for his cryptocurrency project Worldcoin.      The new blockchain, WorldChain, will be permissionless, open source, and governed by the community. Promoted as A blockch...