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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.
16 Aug 2019 1 minute read 2 comments razeiv
Aeron, a Blockchain startup that digitalizes and secures aviation logbook data, announced that CBM, the token of its sub-project CryptoBonusMiles, had been added to Binance DEX. The users of the second largest decentralized exchange were able to st...
16 Aug 2019 1 minute read 0 comments Crypto PM
30 Jul 2019 1 minute read 0 comments CryptoStation
#BUY Accumulate : 25-26$ Sell : 29.45$ Mid Hold : 38$ Stop : Under 25$ Buy back : 22.5-23$ https://www.tradingview.com/chart/BNBUSDT/V2TfJ82R-Binance-Tether-July-30-BNB-BNB-USDT-USDT/ Telegram : https://t.me/cryptostationchannel
27 Jul 2019 3 minute read 0 comments Rumi
Binance coin іѕ а digital currency issued bу thе cryptocurrency exchange Binance. Thе cryptocurrency іѕ denoted bу thе symbol BNB. Aѕ Binance plans а global expansion аѕ thе leading cryptocurrency exchange, hоw іt hаѕ leveraged аnd burned іtѕ оwn alt...
23 Jul 2019 1 minute read 0 comments josevilla774
The price of this currency is going up and down at this time is its low price, as to make an investment and expect it to rise and earn some more coins either BTC, ETH or BNB and if you want to earn this currency, or you don't have the browser ye...
22 Jul 2019 1 minute read 0 comments Karlpaap
Another project named WINk was added to Binance launchpad. This project focuses on decentralized gaming.
18 Jul 2019 1 minute read 0 comments chichan47
Token sale ends in 11 days!Azbit token sale is just 11 days from the finish line and July 30 is the LAST opportunity to buy AZ tokens. Great news: for the final days, the purchase BONUS will be increased to 8 percent! Signup here:https://azbit.com
3 Jul 2019 1 minute read 0 comments CryptoStation
Skycoin/Bitcoin (July 03) #SKY $SKY #BTC $BTC Buyzone : 140 Sellzone : 155-180-210 Holdzone : 285-510-665-1180-3255 Stoploss : Below 125 Buyback : 90 https://www.tradingview.com/chart/SKYBTC/DUDX3BZR-Skycoin-Bitcoin-July-03-SKY-SKY-BTC-...
24 Jun 2019 1 minute read 0 comments ModernEuler
BTC has been trying and failing three times to get above the resistance level ( $11160) and is forming higher lows just like the previous formation, As you see in the chart below, BTC formed a resistance at $9361, it tried and failed five times to ge...
8 Jun 2019 1 minute read 0 comments cryptonewz
Today Binance went down at 20:00 CET and while Binance posted a "notice" about the maintenance it was posted at least 30 minutes after the problems started, so it wasnt much of an notice in advance :D As Binance reported; their system detected a disk...
