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.


The Binance Labs Investment Observer - The Decentralized Derivates Exchange AEVO

30 May 2024 2 minute read 0 comments Cryptonator`s

The Binance Labs Fund, the investment arm of the popular cryptocurrency exchange Binance, has announced its investment in the decentralized derivatives exchange AEVO. Binance Labs has a track record of successful investments in notable projects that...

Uniswap (UNI) Evolution: AMMs, Concentrated Liquidity, and Hooks

8 Aug 2023 4 minute read 2 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...

Exploring the Power and Potential of Binance Smart Chain

13 Aug 2023 1 minute read 5 comments SimpleSwap

  Binance Smart Chain (BSC), introduced by Binance exchange in 2020, is an innovative blockchain platform. Its developers wanted to create an ecosystem with high transaction speed and low fees. Did they succeed in their effort? Let’s find out! Binan...

Farming At An Accelerate Pace On Biswap - The BSW Investment Pool Is Hot

4 Apr 2024 3 minute read 0 comments PVM

Biswap is a decentralized exchange, with direct peer-to-peer crypto trading, staking options, launchpools and NFT market. What's different? Biswap is the 1st DEX on Binance Smart Chain with a 3-type referral system and the lowest exchange fee 0.1% in...

The Binance Labs Investment Observer - TOP 5 Binance Labs Portfolio Coins & Tokens

17 Jul 2024 2 minute read 3 comments Cryptonator`s

Binance Labs, the venture capital and innovation incubation arm of Binance, has invested in several promising blockchain projects. I regularly highlight the latest investments made by Binance Labs in my "Binance Labs Investment Observer" series.   No...

When Will Binance Debit Card Return to Europe

26 Dec 2023 1 minute read 2 comments Cryptofab

I'm sure I'm not the only Binance user who misses the convenience of using the Binance debit card to spend their crypto. While Binance Pay is a great option for buying luxury goods, it's not the same as having a debit card that can be used anywhere....

SEI and Cyber Tokens launching on Binance

14 Aug 2023 3 minute read 0 comments Smoljanović

Introduction Project 36 Sei (SEI), a layer 1 blockchain optimized for the exchange of digital assets, and project 37 CyberConnect (CYBER), a Web3 social network that enables developers to create social applications will be both be launched tomorrow a...

BNB Greenfield

15 Dec 2023 5 minute read 0 comments cryptogod-1

Good day everyone, I hope you are all well and had an excellent week, welcome to CryptoGod-1’s blog on all things crypto. This post will be looking at the recent announcement from Binance regarding their BNB Chain Greenfield Tech Roadmap.     BNB Gre...

Tokenomics: Designing Economies for ICOs and Tokens

13 May 2024 5 minute read 1 comment letssittt

Introduction In this article, we will go into the exciting world of tokenomics, discovering its definition, key features, and the importance of tokenomics in the valuation of cryptocurrencies and blockchain network development. Furthermore, there wil...

Atomic Wallet Migrated The $AWC Tokens From Beacon Chain To BNB Chain

7 May 2024 2 minute read 4 comments PVM

Atomic Wallet is a decentralized Cryptocurrency wallet that supports more than 1000+ coins and tokens, providing simplicity, safety, and convenience for its users. Maybe in the current DeFi status quo is hard to believe that I am using it since the s...