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.

Bitcoin Pioneer Adam Back Predicts BTC to Reach $10 Million by 2032

13 Feb 2023 3 minute read 15 comments Allen Taylor

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Knowledge - The Addiction Worth Seeking

14 Oct 2022 5 minute read 9 comments Thomas Wolf

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Latest Innovations And Improvements On The Binance NFT Marketplace

15 Jun 2022 4 minute read 4 comments Cryptonator`s

The Binance NFT marketplace, one of the most popular places to buy, sell, and trade NFTs, launched in June 2021 and is still quite young. Since its launch, the Binance NFT marketplace is constantly optimizing its features and the user experience.  He...

You Can Now Mint Your Own NFTs on the Binance NFT Marketplace!

1 Jul 2022 2 minute read 9 comments Cryptonator`s

The Binance NFT Marketplace has just announced a new cool feature. You can now mint your own NFTs on the Binance Smart Chain or on the Ethereum network in a few simple steps. Let me explain what the requirements are and how it works. First of all, y...

Second Half of April 2023 / Customized Farm is Now Available on NerveSwap

3 May 2023 3 minute read 4 comments NULS

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Texas Leading the Bitcoin Charge, Again??

21 May 2023 2 minute read 3 comments Michael @ CryptoEQ

  New Texas Proof of Reserves Law The Texas legislature has passed a new law that mandates stricter regulations for cryptocurrency exchanges operating within the state. The legislation, known as House Bill 1666 (HB1666), was passed with the objectiv...

How To Buy Stablecoins With Credit Card On Binance Step by Step

13 Jun 2022 6 minute read 4 comments Cryptonator`s

With stablecoins, the cryptocurrency space really has become a lucrative and serious alternative to the traditional financial banking system. While you don't get any significant interest from your local bank, you can earn lucrative rewards from your...

Harvest Finance Celebrating 2 Years of Humble DeFi

4 Sep 2022 2 minute read 9 comments PVM

Harvest Finance celebrated the 2nd anniversary, two years of DeFi dominance and growth! Harvest 3 is the new epoch of humble development, with Arbitrum farms being added this summer. I was with Harvest since day one and I am ready to celebrate many y...

Power-Farming on Biswap - The Multi-Reward Pool

26 Sep 2022 9 minute read 8 comments PVM

I fell in love with Biswap I am using many protocols, DEXs and platforms but non of them is as rewarding as Biswap. I fell in love with this one because Biswap is not the standard crypto decentralized exchange! Biswap has direct peer-to-peer crypto t...

WEB3 Engine Rangers Protocol Is To Hit Above $95.83

1 Sep 2022 4 minute read 1 comment PVM

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