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.


Last Chance To Win a Ultra Rare Limited Edition Binance NFT

12 Jul 2020 1 minute read 1 comment Ede

Recently, Binance gave out Guaranteed Limited Edition NFTs to celebrate their third anniversary (if you don't know, NFT are a special kind of crypto token, kind of collectibles, that can have a huge value). That offer ended 4 days ago. Maybe you miss...

BNB is about to fly!

11 Jul 2020 1 minute read 2 comments MadMaxx

Before we get started, I'd like to officially welcome you to the mini alt season. As you can see around you, every single coin is pumping. If you'd like to get insight on which ones would pump the most, and would be worth your while, please consider...

Quick news (NASDAQ,FATF,Binance,ETH2.0,WikiLeaks)

11 Jul 2020 1 minute read 0 comments lioha369

While Bitcoin is in the side trend, the stock market is growing. The S&P500 index added 30 points while NASDAQ Composite keeps setting new highs and closed this week at $10617. Another all-time high record set by the company Tesla, closing this we...

Changpeng Zhao shared his first experience using the Binance card

11 Jul 2020 1 minute read 0 comments Kluma

The head of the Binance exchange, Changpeng Zhao, said that he became a beta tester of the cryptocurrency debit card being prepared for launch, and spoke about the first experience of using the product. “All transactions are real. Audible from Amaz...

ChangeNOW - the crypto-exchange on steroids

11 Jul 2020 4 minute read 7 comments Heruvim78

Before i start to praise it, I need to explain few terms for you, that you may know, or you may not. The difference between custodial and non-custodial exchange platform. The custodial platform are probably the first platform that you used when you l...

TikTok picks up Dogecoin

10 Jul 2020 2 minute read 6 comments Roberto D.

Who is "inside" the crypto world will have noticed that Dogecoin's price has risen too much in too little time, let's see together why. This week the price of DOGE has increased by almost 20%, thanks to a challenge on TikTok that encourages users to...

Busy? Here are 5 ways to increase your BAT, BNB and BTC for free!

10 Jul 2020 2 minute read 6 comments MadMaxx

Before we get started, I'd like you to know that I do run a telegram group where I share my altcoin calls. So far, I've caught a 2x move on DOGE, FET, CTXC and TFUEL. Consider joining here. See you on the other side! Hello and welcome to another arti...

Binance Coin. All you need to know about in summer 2020

10 Jul 2020 4 minute read 0 comments lioha369

Today we will consider an extremely interesting digital asset, which officially appeared on the market in April 2019 as a separate blockchain. We will talk about Binance Coin: consider what it is; what are utilitarian tokens in general; What benefits...

Binance Celebrates It's 3 Years Anniversary By Giving Away 250.000$ In Prizes

10 Jul 2020 1 minute read 0 comments Zemiatin

Binance will be holding a giveaway for it's 3 year anniversary. The total amount will be 250.000$ worth of crypto and it will look something like this: 10.000 BNB Tokens 180.000 CHR Tokens  75.000 PNT Tokens     The competition will last one week...

You Can’t Ignore These Bullish Setups Of Binance Coin (BNB) | Big Event 15 July 2020 Quarterly Burn

10 Jul 2020 1 minute read 0 comments moon333

Hi friends hope you are well and welcome to the new update on Binance coin. The CEO of binance Changpeng Zhao recently replied to a tweet that shows the expected BNB coin burn event on 15 July 2020. https://twitter.com/cz_binance/status/127908574012...