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.


Price analysis | BTC, BAT and BNB

25 Aug 2020 1 minute read 0 comments MadMaxx

Before we get started, I'd like you to know I have a telegram channel where I share my trade signals and educational content (all for free by the way). Join here! Let's now get started. BTC BTC may be ready to start moving up. Over in my telegram, we...

Build for Bharat- Ankr Network

24 Aug 2020 1 minute read 0 comments Ankr Network

We're proud to be a sponsor for Build for Bharat, a 3 month DeFi Hackathon/Accelerator. 100 selected teams will compete with finalists receiving 30,000,000 INR ($400,000~) as well as additional investment and mentorship opportunities. So if your a cr...

Price Analysis and Trade Ideas | BNB, BAT, BTC, ETH

24 Aug 2020 2 minute read 0 comments MadMaxx

Hello and welcome to another price analysis. I won't give spoilers for anything in this analysis, but everything basically went as I said it would in the last episode of this.🤓 Let's get started! ETHUSD ETHUSD has had a very lethargic day. Price pre...

New Staking Projects With High Yields!

23 Aug 2020 2 minute read 25 comments Sapphire

Great Annual Returns If you missed my recent post regarding Troy, you might want to read up about this project and what they are all about. My post, "What You Need To Know About Troy & Their Partnership With ChainLink" gives a brief explanation of Tr...

XLM USD ANALYSIS

23 Aug 2020 1 minute read 0 comments @bniv0123

  XLM USD ANALYSIS.weekly analysis (each bar-wax) is equivalent to a week. Stellar (XLM), like other coins, entered a stable period in stellar (xlm) against the rising btc against usd, and btc's sudden ups and downs movements. I see it as a good sit...

The CEO of Binance couldn't resist pointing out that bitcoin's price rises like this as a better stablecoin.

23 Aug 2020 1 minute read 0 comments ideaw

More recently, we have seen bitcoin in the top media headlines around the world. One of the reasons for this is the sharp price spike. It has recently reached its peak in 2020. After a sharp fall in March, the price dropped to $ 3,900, now it has ret...

BNB announces DeFi: DeFi-nitely a scam?

23 Aug 2020 1 minute read 6 comments MadMaxx

Hello and welcome to another article. Recently, Binance fanboy (and owner), CZ announced that BNB is DeFi. This led to a 6% pump on the coin, and for a coin with such a high market cap and even higher trading volume, that's no mean feat. However, her...

Price Analysis | BTC, ETH, BNB, BAT: Buy the dip!

22 Aug 2020 2 minute read 0 comments MadMaxx

Hello and welcome to another price analysis. Bitcoin has once again done what it does best: Screwed up altcoins. While this is a normal correction for bitcoin, it is far worse than "normal" for altcoins. However, while everyone is selling into the bl...

All the dirt on crypto dust

21 Aug 2020 2 minute read 5 comments Spitkitten

I'm no clean freak, but ugh @ dust -- both the regular kind (like 95% or so of dead skin, blegh) and the crypto kind. At least I can dustbust up my bio detritus. I dunno what I'm going to do with the crypto dustbunnies hiding in the corners of my acc...

21.08.2020 - Another day in the Cryptoverse

21 Aug 2020 3 minute read 1 comment Heruvim78

Some good news, some bad news, especially if you are an Ethereum miner. Overall was not a bad day, even if many top crypto upper limits, in terms of value, are tested right now. LBRY.TV reward for refferals decreased to 15 LBC (it was 25 LBC before)...