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.

Who Fired the First Shot in the Great Crypto Exchange War of 2022?

21 Nov 2022 4 minute read 6 comments Allen Taylor

The great crypto exchange war has begun: Binance made an end-run around Coinbase and now holds the most bitcoin reserve among crypto exchanges—$9.34 billion. Binance is the exchange of the future, but I’d still bet on decentralized exchanges. Despite...

Biswap Dual Earning - The DeFi of the Future!

25 Aug 2022 4 minute read 6 comments PVM

Celebrating 60 days on Biswap! Today we are celebrating as I started my Biswap journey exactly 60 days ago! I took my space suit on and joined the Space Agents! The daily activities at the Biswap Space Centre are always ground-breaking, because every...

Binance pulls the plug on the FTX deal

10 Nov 2022 1 minute read 22 comments Patch

In yet another twist of events, Binance has decided to pull the plug on the deal to acquire FTX. But why the sudden change of heart? The reasons given Binance official twitter made it public earlier today that they indeed were pulling the plug on th...

Welcome to Biswap - Prepare to be charmed!

24 Jun 2022 3 minute read 0 comments PVM

The time to try Biswap has come! I seen so many positive mentions that I had to try it! Let's see what unique tools the DEX has and if it can improve the users DeFi journey! What is Biswap? Biswap is a decentralized exchange, with direct peer-to-pee...

Reading Through the NIST IR 8408: Understanding Stalecoin Technology and Related Secuirty Considerations Report

13 Oct 2022 4 minute read 1 comment Cje95

Last week the National Institute of Standards and Technology, also known as NIST, released the report IR 8408: Understanding Stablecoin Technology and Related Security Consideration draft for the public comment period that ends January 6th, 2023. To...

Binance Angel - Possible way to start your career in crypto

29 Apr 2023 1 minute read 4 comments Cryptotexty

The Binance Angels are a group of volunteers who dedicate their time to supporting the Binance community and advancing the crypto cause. For many people, this can be the start of their career in the cryptocurrency industry. By the way, if you don’t h...

FTX’s Bankruptcy Marks the Fall of Sam Bankman-Fried, Previously Seen as a Cryptocurrency Prodigy.

12 Nov 2022 3 minute read 1 comment ssaurel

Sam Bankman-Fried, better known via the acronym SBF, the shaggy, sweatshirt-clad cryptocurrency billionaire had become, and in a short time, one of the most iconic and beloved faces in the crypto sphere. Media-friendly, politically engaged, wil...

Binance Resurects the Launchpool with Hashflow ($HFT) Farming

4 Nov 2022 2 minute read 6 comments PVM

Finally a new crypto opportunity on Binance, as the Launchpool is resurrected with Hashflow ($HFT) farming!  I honestly thought that the bear market killed the launchpool system, as Galaxy ended in May and nothing happened since then.  It's more trag...

What is Fusionist? The New Social Game Sponsored By Binance Labs

16 May 2023 3 minute read 0 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

You surely know that in the blockchain field a lot is developing in terms of gaming and web3. Honestly, with rare exceptions, blockchain gaming has often boiled down to a "play to earn". Unfunny game with the only speculative purpose: what can be cal...

My Ultimate Cash Back Hack: Curve Card +, Binance, and Plutus Card

15 May 2023 3 minute read 3 comments Cryptofab

If you are a savvy shopper like me, you may be interested in a personal cash back hack that has changed my spending game and helped me make the most out of my purchases. By combining the power of Curve Card with popular crypto-friendly platforms like...