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

Binance Coin (BNB)

3,308 Articles 28,705 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.

Goodbye, Ethereum

11 Feb 2021 2 minute read 23 comments AlucardLife

Giving away your investment plan usually isn't a good idea because others may frontrun you. With Ethereum, though, I'm not worried about you guys frontrunning me at all. Why not? Because the gas fees won't let you! XD XD XD So I'm giving all of my st...

Binance vs. Ethereum

20 Feb 2021 3 minute read 11 comments AlucardLife

So I have no emotional tie to either Binance or Ethereum other than I prefer decentralization, obviously. Like everyone else, I wanted ETH to get its shit right, but I don't have billions of dollars in VC funding to wait out bullshit. If I get fucked...

Interview: Binance CEO Changpeng Zhao (CZ)

12 Aug 2020 1 minute read 4 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...

Why BSC Farms on Harvest.Finance is a Game Changer!!

18 Apr 2021 7 minute read 11 comments SamBTC

This post will be focused around why I think the creation of BSC yield farms on HarvestFinance is going to be a game changer in the crypto world. Before digging deeper into what are the farms being offered by Harvest on BSC and how and why you should...

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

21 Jan 2021 1 minute read 61 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...

Binance Smart Chain (BSC) Nodes for Your App: Unfair Advantage

20 Mar 2021 2 minute read 2 comments GetBlock

Here’s how your application can benefit from migration to Binance Smart Chain, DeFi-focused smart contracts environment Binance Smart Chain made headlines in Q1, 2021 by surpassing Ethereum in... almost everything. In mid-February, it toppled the se...

TokoCrypto (TKO) paid my a month's wage in a day!

19 Apr 2021 2 minute read 11 comments PVMihalache

Look, if you had one shot, or one opportunity. To seize everything you ever wanted in one moment. Would you capture it or just let it slip? Crypto opportunities are coming and going! Which one will be the winning one? Which one will be the bad choi...

Binance Launches a Mix of MakerDAO and Compound on its Chain

30 Sep 2020 1 minute read 6 comments Abhimanyu Krishnan

On September 28, Binance announced a new money market system called Venus that features a design that is a combination of both MakerDAO (MKR) and Compound (COMP). Binance first announced Venus in August 2019, saying that it aims to break “financial...

Binance Smart Chain Explained

3 May 2021 4 minute read 17 comments RelyOnCrypto

Binance, one of the most famous cryptocurrency exchanges, has announced the launch of Binance Chain, their own blockchain. The key goal of Binance Chain was to build a fast Blockchain that could handle a high volume of transactions. Binance Chain's t...

April Income Review - May the $FORTH be with you!

10 May 2021 4 minute read 42 comments PVMihalache

I had to start my 2nd year with a BANG! and worked really hard on articles, research and giveaways! Wanted to be a month to remember and it was! In fact ... was a month to remember for all my #P0xBros! Was no April's Fool day this year as the Amplefo...