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.


Maker Considering Adding Gemini and Binance USD as Collateral

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The governance community of decentralized credit protocol Maker will undertake a final vote on whether to approve Gemini USD and Binance USD as collateral on the platform, after an initial vote took place on August 17. An initial vote to check the f...

Binance Card Arrival in the US as Imminent as New Partnership Formed

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Binance’s debit card is set to arrive in the United States soon following a partnership with American banking institution Evolve Bank & Trust that was announced on August 31. The partnership with Evolve Bank & Trust will make direct dollar deposits...

CMC Management Resigns 4 Months After Binance Acquisition

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Five members of CoinMarketCap’s management team have been let go by Binance, according to a report by The Block published on August 31. Several executives are being replaced with Binance staff, including interim CEO Carylyne Chan Other members that...

Swipe vs CDC: Cryptocurrency Card Battles

1 Sep 2020 1 minute read 0 comments scythenoz

Swipe just recently updated their latest Whitepaper. With the latest changes, the Card offerings are now near comparable stages with Crypto.com cards. The cheapest level, which are offered for free, now comes with 100% cashback for Spotify.  The Saf...

Binance DeFi Trading Competition!

1 Sep 2020 1 minute read 0 comments PhoenixDev

From 08/27/2020 at 00:00 am (UTC) to 09/03/2020 at 00:00 am (UTC), the exchange platform Binance has launched a competition with a prize pool of $50,000 in BNB tokens. This competition has two promotions: Promotion A is aimed at new users registered...

Cryptosetups: Buying and transferring your Cryptocurrency! Beginners guide.

1 Sep 2020 1 minute read 0 comments Cryptosetups

Our latest tutorial is live! Following on from setting up your first wallet, in this video we show you where you can buy some cryptocurrency and how you transfer your cryptocurrency from the exchange to your wallet. Remember this is absolute beginne...

Bitcoin Era Warning. (scam)

31 Aug 2020 1 minute read 3 comments Gamma

Bitcoin Era is a Scam Bitcoin Era Warning is an automated software for trading crypto-currencies. but there's nothing real about it.   The software operation is supposedly performed by the robot claims that you should only take advantage of the gene...

Price Analysis | BTC, ETH, BNB, BAT

30 Aug 2020 2 minute read 0 comments MadMaxx

All my trade setups in one place: Bitcoin Street. and welcome to another analysis! I must be on a roll here, because since I started 2 weeks ago, I haven't had an analysis that went wrong! So far, the trades I have publicly shared in my analyses (wit...

Binance Series Learn and Earn - Chiliz (CHZ) Quiz.

29 Aug 2020 1 minute read 15 comments FreedomBuilder

  🎁 Total Reward: Receive up to 700 CHZ ≈ $10 ✅ Create an account at Binance Exchange. 👉 Visit the Chiliz Airdrop Google Form. 🔶 Airdrop Terms and conditions:📌 Create an account at Binance Exchange, and complete the KYC Id Verification.📌 Complete the...

$10,000 CHZ Giveaway: Binance Learn & Earn $

29 Aug 2020 1 minute read 0 comments Airdrop Radar

$10,000 CHZ Giveaway: Binance Learn & Earn Campaign Period: 24 August, 9:00 AM UTC until 31 August, 9:00 AM UTC. To qualify for  Learn & Earn promotion complete the following tasks before the end of the campaign: Complete Binance account verificat...