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.


Crazy DeFi Boom: Binance lists Maker (MKR) and DAI stablecoin.

24 Jul 2020 1 minute read 6 comments alberdioni8406

The moment of boom on the decentralized finances (DeFi), took the largest crypto exchange by volume transactions of the world Binance to list the governance token from MakerDAO, the Maker (MKR) also the decentralized stablecoin DAI. That was inevitab...

BINANCE EXCHANGE

24 Jul 2020 1 minute read 3 comments 💡Smart Crypto School💡

Lots of exchangers has been launched in the past years with different promotion and interface. I know some of you has their own favorites and strategies on how you grow your holdings. This exchanger is the most common exchange for the traders out th...

Binance moves towards DeFi: integrates DAI and MAKER while its Blockchain adds Chainlink oracles | July 23rd

23 Jul 2020 2 minute read 1 comment CryptoTrips

Binance announced the integration of the MakerDAO project governance token, Maker (MKR) and its decentralized stablecoin DAI. The initiative appears to be a step towards the decentralized finance ecosystem (DeFi) by Binance, which has also announced...

Ankr enables BNB Staking for Binance Smart Chain Testnet!

23 Jul 2020 1 minute read 0 comments Ankr Network

Binance Smart Chain enables the long awaited smart contracts integration with Binance Chain and will make it possible to run your own Validator and earn a passive income by staking BNB! In our continued partnership with Binance, Ankr is proud to anno...

ETH AT FINAL RESISTANCES BEFORE THE MOON! (Full Price Analysis)

23 Jul 2020 1 minute read 2 comments Tikyi Khant

This morning ,I received an alarm of ETH pumping up 20$ from tradingview alerts.So I decided to check my ETH idea which I published on July 13th, https://www.tradingview.com/chart/ETHUSDT/0w8JpFua-ETH-USDT/ This is the same 3D chart after today bre...

Binance Coin (BNB)

23 Jul 2020 1 minute read 0 comments 💡Smart Crypto School💡

Have you heard about BNB? Here's the little introduction about this coin.     What is Binance Coin (BNB)? BNB took place 11 days before officially opened Binance Exchange for trading, it was launched on June 26 - July 03, 2017 through an Initial Coi...

Why I Think Bitcoin"s Future Is No Longer Threatened By External Forces

22 Jul 2020 3 minute read 1 comment Sapphire

The Ongoing Fear Ever since I started really researching Bitcoin back in 2015, I saw people expressing the same fear as we see them entertaining today. The fear that governments will bring an abrupt end to Bitcoin. Like a large cloud continuously loo...

Binance exchange: A detailed list of all their acquisitions, and alternatives.

22 Jul 2020 1 minute read 0 comments MadMaxx

Binance exchange has been on an acquisition spree. They've bought a lot of popular cryptocurrency companies, and have spent millions of dollars on merges and acquisitions. However, it is important to know these companies, because Binance can be a lit...

A Week Before Bitcoin Diamond Halving (TA/History Comparison View)

22 Jul 2020 1 minute read 0 comments Tikyi Khant

Bitcoin Diamond will follow suit halving at block 630,000 mimicking Bitcoin, which is estimated to happen on the 18th of May, Bitcoin diamond will halve two months later due to Hashrate differences between the two separate coins and other factors,...

How to Start Trading on Binance

22 Jul 2020 1 minute read 10 comments cryptoforcanadians

In my previous blog posts, I wrote about some of the best platforms in Canada to buy crypto from and where the best exchange to trade crypto is for Canadians. I wrote those posts with different readers in mind. The post informing Canadians on where t...