Sirwin
Sirwin

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.


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

19 Sep 2023 6 minute read 7 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...

The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit

14 Apr 2024 1 minute read 6 comments Cryptonator`s

Let's take a look at the latest investment made by Binance Labs Fund, the investment arm of the popular cryptocurrency exchange Binance. If Binance invests in something then it could also be a good investment for us, with the potential for a Binance...

The Binance Labs Investment Observer - Four New Incubation Projects Announced!

9 Mar 2024 1 minute read 3 comments Cryptonator`s

The Binance Labs Fund which is the investment arm of the cryptocurrency exchange Binance has just announced four new projects they have invested in. These four projects are Cellula, Derivio, QnA3.AI, and UXUY. Let's examine these projects together to...

$ETHFI On Binance Launchpool - Sell Or HODL?

13 Mar 2024 2 minute read 11 comments Cryptonator`s

This is how I prefer it. The old $AEVO Launchpool recently concluded, and a new Launchpool has already been revealed.  Let's check out Ether.Fi, the latest project to launch its token on Binance Launchpool, and if it is a good long-time investment. ...

Biswap Opened The BSW Investment Pool!

10 Mar 2024 2 minute read 7 comments PVM

Biswap is a decentralized exchange, with direct peer-to-peer crypto trading, staking options, launchpools and NFT market. What's different? Biswap is the 1st DEX on Binance Smart Chain with a 3-type referral system and the lowest exchange fee 0.1% in...

Binance vs Coinbase: Decoding the Best Exchange for Your Crypto Needs

12 Mar 2024 6 minute read 4 comments Guarda Wallet

In the vibrant world of cryptocurrency exchanges and the latest Binance news and Coinbase news, a Binance vs Coinbase comparison is vital for successful trading. These platforms have established themselves as leading destinations for traders and inve...

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...

Pancake Swap Analysis - The VeCAKE Migration Made CAKE Great Again

6 May 2024 2 minute read 1 comment 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...

$PIXEL On Binance Launchpool - Sell Or HODL?

8 Feb 2024 2 minute read 7 comments Cryptonator`s

Binance has just announced its 46th project which will launch on Binance Launchpool. This time it is $PIXEL, the native token of the crypto game Pixels. As you already know from my previous post, I never miss out on any project on Binance Launchpool,...

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...