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.

What Is a Utility Token? Security Tokens vs Utility Tokens

11 Feb 2023 7 minute read 9 comments StealthEX

When it comes to tokens and their categories, it’s clear that they all have their own functionality, which differs from each other. When talking about tokenization and the types of tokens, we can usually identify a certain number of token groups, inc...

Interview: Binance CEO Changpeng Zhao (CZ)

12 Aug 2020 1 minute read 59 comments boxmining

CZ needs little introduction - he's the CEO of Binance exchange, the biggest crypto exchange in the world. We're having a live discussion with CZ about the recent develops in the cryptocurrency space, including the rise of Decentralized Finance (DeFi...

Wizarre Announces Its Beta Game Release

17 Nov 2022 1 minute read 8 comments Publish0x PRs

Wizarre is pleased to reveal the officiall release of the Wizarre Beta game on November 18, 2022 and will close the access on November 25, 2022. With this Beta release, Wizarre’s introducing more playable features to the users at these early stages,...

Binance Is Starting To Fire Warning Shots At Non-Developing Projects

13 May 2023 2 minute read 18 comments Cryptonator`s

"When Binance?" is one of the most important questions for any cryptocurrency project and its investors. However, some projects stop developing after being listed on Binance. Instead of directly delisting non-developing projects, Binance has started...

When Will Crypto Market Go Up in 2023?

7 Sep 2023 3 minute read 8 comments Swapzone

Welcome to the wild and unpredictable world of cryptocurrencies! If you’ve been following the crypto market closely, you might have noticed that we’re currently experiencing the longest bear market in its history. Yes, it’s been a rollercoaster ride...

Maverick $MAV Starts Trading On Binance - New Launchpool Strategy?

28 Jun 2023 1 minute read 6 comments Cryptonator`s

Today, Maverick $MAV spot trading starts on Binance and with it on several other cryptocurrency exchanges including KuCoin. It seems that Binance has changed its strategy for issuing new tokens via its Launchpool.   What Is Binance Launchpool? You c...

Using Bitcoin Cash From Meme Competition To Power My Binance Portfolio

15 Aug 2023 2 minute read 2 comments PVM

You probably still remember the curious case of the meme competition that made claiming the prize as hard as escaping from Alcatraz! Yes... the ghost competition where the organizer tried to trick the winner, changed the rules, prize distribution and...

Play2Earn Experiment - I played Binance WODL to check the rewards

9 Nov 2022 3 minute read 10 comments PVM

I seen everyone FOMO into the Binance WODL game, where the players must guess/ discover the word by using the given letters. The tries are limited and the prize pool is shared to the participants. But is it worth it or is just a waste of time?  I sta...

99% of people will lose the crypto they hold on their own, says CZ of Binance

17 Dec 2022 2 minute read 15 comments ZeroRequiem

Hey Peeps!     Changpeng Zhao, more commonly known as CZ, is making the news again as he says "most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it". The moment happens as CZ is answering question...

Binance.US Delisting Tron (TRX) and Spell (SPELL) Tokens: What You Need to Know

13 Apr 2023 2 minute read 31 comments ZeroRequiem

Hey Peeps!     On April 11th, Binance.US announced that the Tron (TRX) and Spell (SPELL) tokens will be delisted from their exchange on April 18, 2023.  The announcement does not give us an exact reason as to why the tokens were being delisted but d...