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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.


Is Crypto About to Be Run by Women?

6 Apr 2024 1 minute read 1 comment Cryptofab

I recently read in a blog post that Binance is on a mission to get WAY more women involved in crypto, blockchain, and this whole Web3 thing. Now, I'm not gonna lie, this surprised me. Crypto feels like a total boys' club, you know? But then I started...

Binance Charts New Course with Inaugural Board of Directors

5 Apr 2024 1 minute read 0 comments Kailash Mina

Introduction: A Watershed Moment for Binance Binance, the behemoth of the cryptocurrency realm, has long been revered for its pioneering spirit and unwavering commitment to innovation. However, amidst its towering success, questions lingered about it...

Bitcoin About to EXPLODE After Halving?

5 Apr 2024 1 minute read 1 comment Cryptofab

I just read a really interesting analysis from Binance about the upcoming Bitcoin halving. It talks about how Bitcoin halvings, which cut the rewards miners get for mining new Bitcoins in half, have historically led to big price increases for Bitcoin...

SAGA Binance Launchpool From 5th - 8th April

4 Apr 2024 1 minute read 0 comments Crypto Park YT

SAGA Binance Launchpool Are you looking for a new way to earn passive income with crypto? If so, you might want to check out the SAGA Binance Launchpool, a new initiative that allows you to stake your BNB, FDUSD tokens and earn SAGA tokens as reward...

Farming At An Accelerate Pace On Biswap - The BSW Investment Pool Is Hot

4 Apr 2024 3 minute read 0 comments PVM

Biswap is a decentralized exchange, with direct peer-to-peer crypto trading, staking options, launchpools and NFT market. What's different? Biswap is the 1st DEX on Binance Smart Chain with a 3-type referral system and the lowest exchange fee 0.1% in...

SAGA On Binance Launchpool - Sell Or HODL?

4 Apr 2024 1 minute read 13 comments Cryptonator`s

Binance has just announced the next project for Binance Launchpool. Starting on the 5th of April, you can farm $SAGA by staking $BNB and $FDUSD in two separate pools. Here are my thoughts on the latest Launchpool project. The New Launchpool Model I...

Why doesn't Coinbase have this feature?

3 Apr 2024 1 minute read 1 comment LeftFooted

Different platforms give it different names but the bottom line is several CEXs have a feature to convert crypto 'dust' into their native token. For reference, by crypto 'dust', they mean amounts of crypto that are so small they can't converted or e...

Is This Crypto Charity Actually a Publicity Stunt? (Binance in Ukraine)

3 Apr 2024 1 minute read 1 comment Cryptofab

Okay, admit it. When you saw "Binance Charity Partners With Children of Heroes Foundation to Support War-Affected Children in Ukraine”, your first thought wasn't Mother Teresa. Crypto and charity haven't exactly held hands in the past. Let's be real,...

With Success Against Binance the SEC Thinks it Deserves Another Go With Ripple

2 Apr 2024 3 minute read 11 comments Cje95

Does anyone else remember the phrases "sometimes you just take the win and walk away" or "stop while you are ahead"? Sadly it appears that SEC Chairman Gary Gensler does not have a clue about this very idea. When they scored a settlement with Binance...

Do I REALLY Need ID to Buy Crypto?

1 Apr 2024 1 minute read 0 comments Cryptofab

So, I was just scrolling through a crypto blog and came across this Binance campaign that sounds amazing. But then... KYC verification required Ugh! Don't get me wrong, security is important, but sometimes I just like to keep my crypto dealings a lit...