Sirwin
Sirwin

Binance Coin (BNB)

6,966 Articles 94,106 Followers

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.


Hold on a sec, Bitcoin hodlers! Staking just got a whole lot more interesting...

8 Mar 2024 1 minute read 1 comment Cryptofab

I've been down the Bitcoin staking rabbit hole lately. First of all, staking does not really exist for Bitcoin... We all know that. So don't get me wrong. Staking here means you put your bitcoin into a custodial platform or a non-custodial protocol,...

AEVO Binance Launchpool Starts From 8th - 12th March

7 Mar 2024 1 minute read 0 comments Crypto Park YT

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

New Binance Launchpool alert: you can now get AEVO

7 Mar 2024 1 minute read 2 comments LeftFooted

A new launchpool is available through Binance's Launchpad feature. It's called Aevo (AE). Aevo is a decentralised derivatives exchange focused on options and perpetual trading. You can run DEX on Aevo Layer-2, which is an Ethereum roll-up based on...

Binance launches the “CRYPTO” perfume for female users

7 Mar 2024 1 minute read 0 comments Negativeland

  Binance launches the new perfume "CRYPTO", a marketing choice that aims to bring the female public closer to the world of cryptocurrencies     Binance's new “fragrance” Driven by the female members of its marketing team, Binance has decided to lau...

How To Use P2P Trading To Buy… Or Sell Crypto

7 Mar 2024 1 minute read 0 comments Cryptofab

You might have been reading Binance's latest blog post about earning rewards through P2P trading. It's exciting stuff, right? But what if you also wanted to cash out sometimes? The good news is, Binance's P2P platform lets you do both buying and sell...

The Rise and Rise of FLOKI: A Tale of Vikings, Memes, and Cryptocurrency

7 Mar 2024 2 minute read 4 comments PressF

In the grand hall of Valhalla, where the brave meet in the afterlife, a new saga is being written, not with swords and shields but with tweets and trades. Enter FLOKI, the cryptocurrency that's taking the meme coin realm by storm, named after Elon Mu...

$AEVO On Binance Launchpool - Sell Or HODL?

7 Mar 2024 1 minute read 7 comments Cryptonator`s

Binance has announced the 48th project on Binance Launchpool. Starting tomorrow, you can farm $AEVO tokens by staking $BNB and $FDUSD into two separate pools over five days. The project has also announced an airdrop of $AEVO tokens for early support...

SEC vs CFTC over Ethereum and other news

7 Mar 2024 1 minute read 2 comments Yugocean

CFTC and SEC inter-agency conflict over Ethereum begins      Bitcoin and Ethereum were described as commodities by CFTC Chairman Rostin Behnam in his hearing on March 6 before the House Committee on Agriculture. Behnam has taken issue with Promethium...

Spirit BNB and BCH

7 Mar 2024 1 minute read 1 comment Kenzoo

BNB and BCH are two different coins from different ecosystems, but their faithful time charts always show similar movements. If BNB is rising then BCH will be at a standstill or experiencing a small decline and if BCH is rising then BNB will be in th...

Are Bitcoin Price Prediction Games Really a Path to Riches, or Just Hype?

6 Mar 2024 1 minute read 2 comments Cryptofab

Binance is back at it again with their "Predict BTC price and win" game. Bybit and others love these things too, but let's be real – how realistic is it to win big by guessing the crypto market rollercoaster? Flashy Prizes vs. Reality? They dangle a...