Binance News, BNB Price Predictions, Opinions and Analyses Created by Users

Binance Coin (BNB)

2,107 Articles 2636 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.

BinanceAcademy - Cryptocurrency Trading eBook - where to get it & what I took with me

4 hours ago 3 minute read 0 comments Joergo

Well, Binance Academy provides useful information, if you search for a specific topic. If you just want to dive into something, there may lack a proper overview. They published an eBook which dealt with the situation to gently introduce you to a ran...

CAKE skyrockets in price $200 IN PROFITS

8 hours ago 1 minute read 1 comment Makingdigital

Do you have Cake in possession? You better than yes dear friend. Cake is skyrocketing in price and this translates into fantastic news for all of us working at PancakeSwap. Right now at $ 0.85, you can close the day above the dollar, if you achieve s...

PornHub Adds XRP, BNB, DOGE and USDC as Payment Options

13 hours ago 1 minute read 4 comments Abhimanyu Krishnan

Adult entertainment site PornHub has added support for payments in XRP, BNB, DOGE and USDC, as of Jan 21. With over 3 billion monthly visitors, PornHub stands to gain a lot from cryptocurrency payments, especially after the suspension of Visa and Ma...

Binance Did It's 14th Quarterly BNB Burn. It Is The Biggest Ever.

21 Jan 2021 1 minute read 1 comment Zemiatin

Yesterday Binance burned 3.619.888 BNB tokens which was valued at aproximatelly 168.000.000$. With this burn, the total supply of BNB went from 174.152.713 to 170.532.825 BNB. As you can see in the chart bellow the current burn is almost 2.5x bigger...

4 cashback crypto debit VISA cards

21 Jan 2021 1 minute read 5 comments Pasucaru

  My last review between Binance and Crypto. com cashback debit card here has changed in terms of cashback %, so it's important to note that the information in this post could change without notice from the platform provider. This is to say that the...

School boy error: A guide on how to lose $300 BUSD

21 Jan 2021 1 minute read 49 comments PVMihalache

Let's start with a question... guess who's been an idiot last night? Even if you are in the game for years, you can still do stupid mistakes in a split of a second. The crypto life is ruthless and cruel and has no sympathy for the weak. Least week I...

CZ & The Mooch - A Fireside Chat about Bitcoin and other things.

21 Jan 2021 6 minute read 2 comments BryRi

Conversations with others is always a valuable experience and provides learning opportunities on many levels.  Check out this write-up with CZ & The Mooch - A Fireside Chat about Bitcoin and other things. Overview of the Fireside Chat Christophe, Dir...

Binance burns $166 million

20 Jan 2021 1 minute read 2 comments Gamma

166 million dollars less in BNB   The Binance platform has just executed its token "burn" operation on a quarterly basis, destroying 3,619,888 BNB, or approximately US$166 million. This is the largest BNB burn ever recorded.     As a result, Binance...

Top Things You Should Know About Alpha Finance (ALPHA)

20 Jan 2021 8 minute read 0 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the cross-chain DeFi platform driving DeFi into the next stage of innovation – Alpha Finance (ALPHA). Alpha Finance is an ambitious DeFi platform with developers backed by VC th...

Bitcoin and altcoin predictions from Binance CEO: We're just beginning

20 Jan 2021 2 minute read 0 comments CryptoJoker

Binance's founder and CEO Changpeng Zhao published an article yesterday in which he announced his 2021 expectations after a record BNB burn. Starting his article by stating that the amount of BNB burned yesterday was the highest amount ever, CZ annou...