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 interested in transactions in Binance Chain

31 Jul 2020 1 minute read 0 comments Danyakot

The US securities and exchange Commission (SEC) intends to track transactions in the Binance Chain blockchain, using the tools of the cybersecurity solution provider CipherTrace, the Agency reports.In addition to BNB, the Commission is interested in...

The SEC Wants to Track Binance Chain Transactions

31 Jul 2020 1 minute read 9 comments Abhimanyu Krishnan

The United States Securities and Exchange Commission (US SEC) is planning to offer blockchain analysis firm CipherTrace a contract, in an effort to trace transactions on the Binance Chain. A memo published on July 29 reveals that the SEC believes tha...

Crypto Analysis with Mr Pasquier| July 30

30 Jul 2020 1 minute read 2 comments Mickael Pasquier

Ripple (XRP) VS Tether(USDT) “Long Term” Ripple (XRP) the ranked 3th in coinmarketcap with total of $10 Billion seems will try to surge up to the point $0.3 according to the 3 day chart, Ripple (XRP) exceed both the EMA 100 and the Resistance $0.22...

BTC above $ 10,000: To sell, or not to sell?

29 Jul 2020 3 minute read 4 comments Roberto D.

TO SELL?... In recent days Bitcoin has been characterized by a particularly strong and consistent price action. At the highs of last Monday's rally, the main digital currency was in fact traded up to $ 11,500 on the main exchanges. In any case, it is...

THORChain Testnet 4.1 Ready for The Public

29 Jul 2020 2 minute read 3 comments THORChain

Testnet 4.1 is ready and running on 10 community-run nodes, on a new Binance Chain Testnet.   Overview THORChain Testnet 4.1 is ready for Node Operators to practice churning in, and for public swaps and staking. The following are the points: THORNod...

Onward with Atomic Wallet - gonna buy and stake some Thorchain $RUNEs!!

29 Jul 2020 2 minute read 6 comments Dave Sawyer

Cryptofans, we love you.  And Atomic Wallet.  Earlier this week, we whined that the history function in Atomic was not smooth - it showed zero AWC coming in originally, and zero being paid in interest for staking.   Well, an amazing thing happened. ...

How to Read A Trading Order Book

29 Jul 2020 1 minute read 6 comments cryptoforcanadians

I've recently been writing about how to trade crypto. Due to the positive feedback that I've been receiving, I thought I'd write another trading related blog post. In my previous blog post, I wrote about how to use Binance's trading dashboard/interfa...

Increase your BAT with Binance savings: Full guide.

29 Jul 2020 1 minute read 1 comment MadMaxx

In my last article, I outlined a few methods I use to increase my BAT stash for free. Of the 3 methods I posted, my favourite is trading. And as I outlined in the post, I have a complete technical analysis course which you can join my telegram to get...

Morning Digest

29 Jul 2020 1 minute read 0 comments lioha369

  The inflow of assets on exchanges indicates a possible continuation of the Bitcoin rallyAlong with the rise in the exchange rate, traders became more active, who began to bring their assets to the exchanges. At the same time, there is an inflow of...

BAT stash not increasing? Increase it for free!

29 Jul 2020 1 minute read 6 comments MadMaxx

Hello, and welcome to another article. In this article, I'll be going over how to increase your BAT stash for free, and very easily. It's a really easy process, and one that involves little to no risk. Let's get started! Option 1: Learn to trade Trad...