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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.


Binance launchpool launches AltLayer

19 Jan 2024 1 minute read 0 comments Yugocean

     Binance has released Altair (ALT) on its Launchpool, $ALT is the native token of AltLayer .   What is AltLayer (ALT)?      AltLayer is a protocol for native and restacked rollups that promises to improve security, decentralisation, interoperab...

Polygon chain

7 Jan 2024 1 minute read 1 comment CryptoEnthusiast

Polygon, which was formerly know as Matic, is a Layer 2 scaling solution for Ethereum. This is the chain on which many altcoins, including bitcones, exist on. It is intended to enhance it's scalability and reduce transaction costs. This comes with lo...

Alert! Do Not Withdraw Ethereum Via Optimism to Binance From Publish0x

18 Dec 2023 3 minute read 9 comments Coins Reporter

Dear Folks! Last day was the day of deadline for withdrawal from our publish0x account. After the introduction of optimism on Publish0x, this is my second instance of withdrawl and I was quite sure and normal because I have already made a withdrawal...

BEP2 vs. BEP20 - Difference Between Binance Chain and BNB Smart Chain

16 Feb 2024 4 minute read 3 comments Guarda Wallet

BEP2 and BEP20 are two different token standards used in the Binance Chain and Binance Smart Chain networks. The main difference is that BEP2 is a protocol used for native transactions on the Binance Chain. At the same time, BEP20 is a protocol used...

Can Proof of Reserves Save Your Crypto Bags?

16 Jun 2023 3 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Crypto Weekly Recap: Binance US Loses Another License; CZ Sentenced; Trader Lost $68M Crypto; and More (April 28-May 4, 2024)

5 May 2024 4 minute read 1 comment MelegaSwap

This week, the cryptocurrency market faced fresh volatility as Bitcoin (BTC) hit multi-month lows on May 1. Despite the upcoming Bitcoin halving event and increased institutional adoption, which typically point to a potential price rally, Bitcoin's v...

Can You Really Earn Money With Futures Trading?

29 Oct 2023 1 minute read 2 comments Cryptofab

I recently read an interesting article from Binance mentioning futures trading. Futures trading is a way to speculate on the future price of an asset, such as a stock or cryptocurrency. It is a complex and risky type of trading, but it can also be ve...

SWOT Analysis: BNB Chain (BSC)

11 Sep 2023 8 minute read 0 comments Andrey Didovskiy

*Note: a SWOT analysis is an evaluation of the fundamental, operational, technical, social, economic, and even to some degree administrative elements of a project. This is not a model to be used for trading purposes. (NFA, DYOR) Composed of four e...

Should I Remove My Cryptos From Binance?

24 Aug 2023 1 minute read 7 comments Cryptofab

The recent market crash has led to a lot of fear, uncertainty, and doubt (FUD) in the crypto community. Some people are wondering if they should remove their cryptos from exchanges like Binance, in case these exchanges collapse. There are a few thing...

How and Where to Buy BNB Without Binance

27 Feb 2024 4 minute read 5 comments Guarda Wallet

BNB is issued by Binance, and one of the benefits of holding the coins is that it entitles holders to a discount on trading fees on the Binance exchange. However, many crypto enthusiasts opt for other platforms, even though Binance is the most popula...