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.

FTX Collapse, Binance Takeover - The Two Big Lessons to Learn According to Changpeng Zhao.

9 Nov 2022 2 minute read 1 comment ssaurel

It all started with an investigation by CoinDesk in early November 2022. In its investigation, CoinDesk revealed a big anomaly in the finances of Alameda Research, the trading company of Sam Bankman-Fried, the founder of the FTX exchange. According t...

You’re Still Buying Crypto Exchange Tokens?

22 Feb 2023 2 minute read 12 comments MarkHelfman

Some of the biggest cryptocurrencies on earth are exchange tokens, a type of loyalty or reward program for a cryptocurrency exchange. For example, BNB, OKB, CRO, and KCS. Are they worth your money? Think carefully These tokens offer perks like discou...

Saturday Sarcasm on Sunday #16 - FFS FTX

13 Nov 2022 5 minute read 12 comments PVM

What a week... what a year! How are we still mentally fit? ... and when I say "we" I mean all the multiple voices in my head. I am always worried when they are quiet... for sure they are planning something. Speaking about planning something ... it lo...

Binance and CZ tells employees to "expect the next several months to be bumpy"

18 Dec 2022 1 minute read 8 comments ZeroRequiem

Hey Peeps!     The CEO of Binance, Changpeng "CZ" Zhao, reportedly told his staff, via a memo: “While we expect the next several months to be bumpy, we will get past this challenging period, and we’ll be stronger for having been through it.” The mem...

Binance Crypto Debit Card – Is It Possible And How Can We Get It?

19 Jan 2023 3 minute read 8 comments SimpleSwap

Why use fiat when you can use your crypto for payments? Just imagine how cool it could be – paying with your debit card, which is directly connected to your crypto wallet, to buy coffee in Starbucks. Impossible? Nothing's impossible, and Binance deci...

The hustle never stops on Binance - Passive income and locked staking

17 Oct 2022 2 minute read 2 comments PVM

Been few months since my last Binance article, and nothing major happened since May. Few events, few updates, new staking options but no Launchpool or Launchpad since the start of the bear market. Maybe it's true that the bear market is for building!...

Binance&FTX – What Do You Need To Know About The Situation

11 Nov 2022 3 minute read 12 comments SimpleSwap

Do you remember the times when cryptocurrencies just began to conquer the hearts of people? Many users were hoping that crypto will become a symbol of freedom and independence, and it will make our life easier. Sadly, not everything has worked out ye...

Alienworlds #11 - Voting and Fakeliens

18 Apr 2023 3 minute read 8 comments PVM

Commander PVM reporting for duty! The Terran Battlecruiser Morningstar is ready to embark into a new journey! My crew is ready to raid, plunder and conquer the Alien Worlds. My journey started over one year ago, and the ship engines never had time to...

Report Claims Binance will Delist All U.S. Based Cryptocurrencies, while CZ Denies It

19 Feb 2023 2 minute read 8 comments ZeroRequiem

Hey Peeps!     On February 17th, Bloomberg News published a report that claimed Binance would be cutting ties with U.S. business partners, and delisting all U.S.-based cryptocurrencies, as a result of the increased regulatory pressure put on the com...

Ceres Finance - Asset Management DAO With Web3 Focus

26 Mar 2023 2 minute read 5 comments PVM

Ceres DAO is bringing freshness in the Cryptoverse. Their aim to reshape on-chain economy by providing automated, composable and decentralised asset management service to investors, companies or DAOs. Ceres DAO is the world's first decentralized digi...