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.


Morning Digest

29 Jul 2020 1 minute read 0 comments lioha369

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29 Jul 2020 1 minute read 6 comments MadMaxx

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28 Jul 2020 3 minute read 10 comments Tikyi Khant

Hello everyone,today I want to give some insights on why we should not spend a single penny on Paid Groups.I know you want to speak and complain once you saw the title. 1.So first of all,I understand not everyone of us can analyse the coin's price/ch...

Crypto News with Mr Pasquier|July 28

28 Jul 2020 1 minute read 0 comments Mickael Pasquier

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27 Jul 2020 2 minute read 0 comments Tikyi Khant

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Solana (SOL) Giveaway - Solana In partnership with FTX, to celebrate Solana's listing

27 Jul 2020 1 minute read 0 comments FreedomBuilder

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Binance Now Shipping Its Debit Cards

27 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

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From despair to gratefulness - how to loose and get back 10.000 $ hacked in crypto

27 Jul 2020 1 minute read 3 comments VNFC

hello everyone this is my second article related to hackers and the bad guys from crypto, but this time is with happy ending: few days ago, Harry from mycrypto.com succeeded to refund the 10.000 $ stolen from a Binance user by some ciber criminals....

Monetha - Breaks Long-Term Downtrend - Trade Idea

26 Jul 2020 1 minute read 0 comments Sapphire

2017 ICO Survivor Monetha launched a very successful ICO back in 2017 and managed to raise $36 million. Today, Monetha is still with us but the price has been absolutely decimated. With an all time high of $0.64, the current price of $0.01 appears to...

How to use Syscoin masternodes to increase your own stash

26 Jul 2020 2 minute read 4 comments Heruvim78

As I was talking about Syscoin, taking the world by storm, and getting pumped after their collaboration with Binance (short story, Binance use Syscoin bridge technology to make their own stable coin BUSD available, cheaper and faster than their ETH b...