Binance Coin (BNB)

387 Articles 290 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.


TA Master Long Term Premium Perspective For Binance Chain To Become A Champion

31 Oct 2019 6 minute read Rubika Ventures $46.37 tipped

Hi Rubikators! With the following educational article, we want to really teach you how to become a true champion in the cryptocurrency market. For this case, we want to show you that it is not necessary to stay on the computer 24 hours a day watching...

What is Binance Coin? [A Comprehensive Guide to Understanding BNB]

12 Sep 2019 6 minute read Mr.CryptoWiki $6.62 tipped

There are over 2500 cryptocurrencies for investors to choose from in this exhilarating world of crypto. However, over 95% of these coins are predicted by many experts in the industry to eventually fail. This is largely due to their intended use cases...

Token Burning Mechanism Explained

2 weeks ago 5 minute read MeinCrypto $5.26 tipped

You have probably asked yourself, why would anyone on earth burn or destroy their precious crypto tokens? What’s the reason behind it, what are the mechanics and most importantly, how can you make money off it?  Well, I've got good news, you’ll find...

What Is QASH? - [A Comprehensive Guide to Understanding QASH]

28 Oct 2019 6 minute read Mr.CryptoWiki $4.90 tipped

QASH is the life force and native cryptocurrency for the popular exchange platform called Liquid.com. The use case of QASH is similar to other crypto exchange tokens where you can get extra benefits when you hold some QASH tokens in your Liquid.com a...

Binance Coin (BNB) Price Prediction 2020 - $44 Possible?

2 Oct 2019 9 minute read CryptoChartWizard91 $4.80 tipped

Binance Coin has had a very interesting thus far (as of 30/09/19) as it has created a fresh ATH and then dropped by a total of 60% over the following months. In the first half of the year, BNB had managed to soar by a total of 627% after rising from...

EOS, BNB, TRX, ADA, XRM Price Analysis For 22-26 of July

22 Jul 2019 5 minute read CryptoChartWizard91 $4.58 tipped

This is list number 2 for you guys! For the top 5 coins check out this analysis. Crypto markets are all over the place with BTC heading back toward $10,000. However, some altcoins are looking pretty resilient. Take a look at the analysis below! Eos E...

My Small Portfolio of Just 4 Crypto For Long Term Hold #showmyportfolio

7 Jul 2019 1 minute read Adamic0 $4.41 tipped

Let’s get one thing straight - Bitcoin really is king and there is no denying that. Until Ethereum or Ripple catch up with the amount of daily trading volume and close in on Bitcoins market cap - Bitcoin will remain king! However, as this entire indu...

So, It looks Like Binance Wants To Challenge FB's Libra With Its Project "Venus" - I'll Explain in 3mins What's This About

25 Aug 2019 1 minute read Ed-california $3.83 tipped

So Binance just announced that they are basically going to launch a new project that is focused on Stablecoins - dubbed as Project Venus. The media is making it lookout to be a response to the upcoming stable coin to be released by FaceBook - known a...

If You Are holding XRP, You Should Also Consider These 2 Crypto Projects

9 Jul 2019 2 minute read Ravir3z $3.54 tipped

Almost every trader I know would highly recommend XRP as an investment now. But the thing is, most people are already investing in Ripple or already have a lot of XRP tokens. Let’s look at two more tokens that are popular but different from XR{, and...

5 Most Important Crypto News You Should Know Today (12 Sep 2019)

12 Sep 2019 4 minute read Brawnd0 $3.51 tipped

It’s yet another day in the crypto universe and there’s a lot that has been happening. This week’s big news has been Bakkt and Bitcoin’s hash rate, but that’s not all that’s been going on.  Some other less exciting developments, but still worth notin...