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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.


The TOP 3 Features On Binance That I Am Constantly Using

10 Dec 2023 3 minute read 146 comments Cryptonator`s

Binance is the largest cryptocurrency exchange and offers a range of features. For a new user, navigating through these services can be overwhelming.  I began trading on Binance back in 2019, and there are a few features that I have found to be parti...

What is Binance Smart Chain?

8 Dec 2023 5 minute read 203 comments Guarda Wallet

Detailed explanation of Binance Smart Chain In fact, BSC is an alternative to Ethereum: both are blockchains that move synchronously: all applications created on ETH are potentially compatible with BSC. If ETH has such high fees (commissions), it is...

Binance on its journey without CZ

9 Dec 2023 1 minute read 109 comments Yugocean

     Binance has embarked on an untenable journey. The new CEO is not serious, and neither are the investors staying long. HODLing Is Down      An increasing number of investors left Binance following CZ's resignation. While investors still have fa...

Interview: Binance CEO Changpeng Zhao (CZ)

12 Aug 2020 1 minute read 137 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...

Kinza Finance - Confirmed Rewards For Early Supporters And Invested In By Binance

14 Dec 2023 2 minute read 33 comments Cryptonator`s

If you think that only big crypto projects can make you big money, then you're mistaken. In my experience, even smaller, less hyped projects can be quite rewarding, as recently with the $PYTH airdrop.  I believe that one of these potentially rewardin...

Pancake Swap - Migrating To VeCAKE For Extra Perks

18 Dec 2023 2 minute read 20 comments PVM

I used Pancake Swap since day one, farming in there soon after launch. I am still farming 3 years later, event if it is not what it was. The $CAKE token had a serious decline, even if PancakeSwap maintained the top DEX on BNB chain. You can still tra...

How I Discovered Crypto And How Binance Helped Me to Kickstart My Crypto Journey

12 Dec 2023 4 minute read 34 comments Cryptonator`s

You can discover crypto in many different ways. To FOMO in when Bitcoin hits a new all-time high and panic sell in the FTX collapse is probably not the best way to discover crypto. There are different ways to discover cryptocurrency, each unique to t...

Who Replaced Changpeng Zhao as the Head of Binance?

1 Dec 2023 3 minute read 9 comments SimpleSwap

The end of November 2023 became a turning point in the history of the cryptocurrency world – on November 21, the head of the largest cryptocurrency exchange, Binance, took on all the accusations made by U.S. regulators. The company agreed to pay a fi...

I Never Missed Out On Any Binance Launchpool 🚀 This Is The Trick You Need To Know

22 Jan 2024 2 minute read 12 comments Cryptonator`s

I've always found it worth farming new coins and tokens through Binance Launchpool. It's like getting free money and everyone loves that. Missing out on opportunities like this is not an option. Fortunately, I know a trick that I want to share with y...

The Binance Labs Investment Observer - The Bitcoin Staking Revolution Babylon

28 Feb 2024 2 minute read 10 comments Cryptonator`s

I know that there are many different coins and tokens on the market that you can stake but I have never heard about staking Bitcoin. This has changed today as Binance Labs Fund, the investment arm of the cryptocurrency exchange Binance has announced...