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.

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...

Back on Pancake Swap - Still hungry for $CAKE

19 Aug 2022 2 minute read 7 comments PVM

I discovered Pancake Swap 16 months ago and has been a rollercoaster. I farmed $CAKE when it was $0.20 and sold it at a value that wasn't even half of the All-Time High! I earned a big bag of crypto and slowly lost it all ... and came back humble to...

Binance Considers Pulling Out of Voyager Deal

5 Mar 2023 3 minute read 29 comments ZeroRequiem

Hey Peeps!     On March 3rd, Binance CEO Changpeng "CZ" Zhao published a tweet that eludes to Binance potentially pulling out of the hotly-contested Voyager deal for $1.02 billion.  The Binance/Voyager deal has been under scrutiny since it was accep...

Ethereum Looks to Be Headed Toward a Major Hard Fork ... How Will That Impact Crypto Long Term?

26 Aug 2022 4 minute read 26 comments Allen Taylor

The largest bitcoin ATM company in the world, Bitcoin Depot, is going public on Nasdaq. Is bitcoin a political paradox? The Ethereum Merge could be a major pivot point for all of crypto. As we speak, the voices are growing louder that Ethereum is des...

October 2022: The Largest Crypto Hacks Month So Far?

7 Nov 2022 7 minute read 8 comments StealthEX

As the crypto industry has been developing, it has been constantly bombarded by hackers. And while in the beginning, it wasn’t that much of an issue, today, when cryptocurrency is a multi-billion business and tokens can be easily withdrawn or exchang...

A Comparative Analysis Of Binance And Kucoin

22 May 2023 5 minute read 19 comments Smoljanović

Binance and Kucoin Cryptocurrency exchanges play a pivotal role in the digital asset ecosystem, providing a platform for users to buy, sell, and trade cryptocurrencies.  Binance and Kucoin are two prominent names in this space, both offering a wide r...

JumpTask - Let's Talk About It

8 Sep 2022 4 minute read 18 comments Thomas Wolf

With the ongoing bear market, I’ve been looking for diamonds in the rough.  I believe I have found one that can benefit just about anyone.  Meet JumpTask and their native token JMPT. “Financial peace isn't the acquisition of stuff. It's learning to l...

Crypto Wealth, Remembrance and Thanksgiving with Biswap

27 Nov 2022 5 minute read 17 comments PVM

Biswap is THE DEX that kept my crypto passion alive! You may know already that Biswap is not the standard crypto exchange, it's above and beyond the standard exchange! Biswap is decentralize, has direct peer-to-peer crypto trading, launchpools, NFT m...

Transferring JumpToken Between Celo and BSC Networks using

29 May 2023 4 minute read 8 comments Smoljanović

  Transferring JumpToken Between Celo and BSC Networks A situation arose recently in which I needed a bridge between Celo and BSC networks.  This article describes my experiece using a portal bridge. As a small sideline, I occasionally earn JumpToken...

Comparing The Most Popular Learn And Earn Programs - Binance Vs. Coinbase

27 Jan 2023 3 minute read 18 comments Cryptonator`s

Learning about cryptocurrencies and earning some at the same time, that's a great combination. I love it and I know that you love it, too. Two of the most popular learn & earn programs in the crypto space are the ones from Coinbase and Binance. Both...