Sirwin
Sirwin

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.


How I Lost My Wallet, My Tokens, and My Onchain Identity to a Hacker

16 Aug 2023 2 minute read 38 comments Arhat

Yesterday, my wallet's private key was compromised, and I lost all access to my wallet to an unknown hacker.   What hurts more is that I lose all the onchain activity and reputation I've built with this wallet over the years.   I must have signed...

Seven Reasons Why I Think Kucoin Will Always Be Second Tier Exchange

10 Oct 2023 5 minute read 38 comments PVM

Kucoin is working hard to build a better Cryptoverse and I am working hard to create a steady flow of passive income. I am using it for over 2000 days, which is a life time in the crypto space, but I think Kucoin will always be a second tier exchange...

The Truth about Binance and the once and future king, CZ! and YEAH WE CAN HANDLE THE TRUTH BABY!!!!!

2 Jan 2024 5 minute read 27 comments Dave Sawyer

Cryptonauts we LOVE YOU!!! miss you sooooo much!! Funny Crypto news everywhere mighty watch army, kick in the afterburners on the sleds & lets' RIDE for truth justice and LAUGHS!!!   Reading music from davebot, who lives by swapping into unused memor...

Two Projects At The Same Time - What Is Your Binance Launchpool Farming Strategy?

2 Aug 2023 2 minute read 9 comments Cryptonator`s

Binance has introduced two new projects on Binance launchpool at the same time. For the rest of August, you can farm $SEI and $CYBER. Let's take a look at the details of these two projects and explore some potential farming tactics.   Farming New Tok...

Quick Updates: Bitcoin, Polygon, Binance, Cosmos, and More

12 Dec 2023 5 minute read 6 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

The Binance Labs Investment Observer - The Omnichain Liquidity Distribution Network StakeStone

26 Mar 2024 1 minute read 4 comments Cryptonator`s

There are so many useless meme coins flooding the different blockchains right now. This makes it challenging for legitimate crypto projects to gain attention. This is especially true for projects that are more complex than simple meme tokens like the...

Prepare Yourself For The Arkham $ARKM Token Presale On Binance Launchpad!

10 Jul 2023 2 minute read 13 comments Cryptonator`s

Binance has just announced a new project that is doing a token presale on Binance Launchpad. This time Arkham $ARKM. Shall we explore the details of Arkham and gain a better understanding of the token sale procedure on Binance Launchpad?   What is A...

Binance Introduces The Megadrop, A New Token Launch Platform

19 Apr 2024 2 minute read 6 comments Cryptonator`s

A few days ago, I published the article "The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit". Today, Binance has announced that it will airdrop BounceBit Tokens to its users. This time not via a Launchpool or a Laun...

SAGA On Binance Launchpool - Sell Or HODL?

4 Apr 2024 1 minute read 13 comments Cryptonator`s

Binance has just announced the next project for Binance Launchpool. Starting on the 5th of April, you can farm $SAGA by staking $BNB and $FDUSD in two separate pools. Here are my thoughts on the latest Launchpool project. The New Launchpool Model I...

Are Regulations Finally Going to Drop BNB from the Top-10??

2 Feb 2024 5 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...