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 Removed All Earn Options In The United Kingdom - What's Next For Me?

15 Mar 2023 3 minute read 51 comments PVM

I was/am a huge fan of Binance, considering BNB as one of the most solid cryptocurrencies available. I am sad that they recently removed all Earn options for UK users. I am a Loyal Binancian, joining earlier than 99% of the world! This is the messag...

I Am Going Biswap Beast Mode In 2023 - Time To Acheive The Unacheivable

24 Jan 2023 5 minute read 21 comments PVM

BISWAP BEAST MODE ON! It's time to achieve the unachievable and go beast mode! I am confident that this year will be a great year for DeFi, cryptocurrencies and blockchain solutions, and this is why I am going bullish on Biswap. I will win the fight...

How To Recognize Rug Pull And Scam Token (Complete Guide)

11 Oct 2022 5 minute read 17 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

There are several analyzes that could help you understand that a token is a scam. In this article we will look at some red flags.Here you can find some Rug Pulls and Exploit codes to recognize them: Exploits & Rug Codes (Examples)Another online tool...

Bitcoin Fire Sale at Binance Australia: Is This the End for the Exchange?

31 May 2023 2 minute read 10 comments alberdioni8406

The price of Bitcoin is on sale at Binance Australia, while other exchanges are trading the currency above 42,000 Australian dollars (over 27,000 US dollars), which is the normal price in the market. The platform is selling the currency for just over...

Has Binance Become The Central Bank Of Crypto?

22 Nov 2022 3 minute read 20 comments Cryptonator`s

When I signed up for Binance in 2019, it was like Coinbase, Kraken, or Gemini. In other words, Binance seemed to be an exchange like any other exchange. Well, this has changed dramatically over time and Binance has become the biggest player among cry...

Binance Coin will rise again and crush XRP for fundamental reasons

16 Jul 2023 1 minute read 16 comments Dave Sawyer

Cryptonauts, we love y'all!!   Thanks for shooting by!!  HIT it mighty watch army !!! There is ALWAYS a warmup funny somewhere !!! TLDR: ya, first ah ha ha ya gotta call obstructionist waffling and deliberate lack of clarity a STRATEGY, ah HAH HA HA...

Looking Under Binance's Hood and Seeing What's There

19 Sep 2023 6 minute read 6 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...

Kucoin 2022 Review - Living In CZ's Shadow

7 Feb 2023 2 minute read 18 comments PVM

Kucoin is working hard to build a better Cryptoverse and I am working hard to create a steady flow of passive income on Kucoin! It's not always the airdrop hunt, or the search for gems... sometimes is just enjoying the platform.  Personal opinion ......

Binance & Binance Chain Updates - Will BNB Chain Survive The ETH Layer-2 Expansion?

4 Jul 2023 5 minute read 5 comments PVM

I was a huge fan of Binance, considering BNB as one of the most solid cryptocurrencies available.... until they removed the Earn opportunities for UK members. The mayhem went further as the SEC sued CZ, than Binance had issues in the Netherlands and...

SEC Delivers A Blow To Binance: What Will Happen With BNB and BUSD Now?

15 Feb 2023 2 minute read 3 comments SimpleSwap

U.S. Securities and Exchange Commission (SEC) recognized the BUSD stablecoin as an unregistered security. Based on this information, The New York State Department of Financial Services asked the emitent of this stablecoin PaxosTrust to stop minting B...