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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.


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...

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...

The Day Bitcoin and all Cryptocurrencies Stood Still

25 May 2023 4 minute read 16 comments Smoljanović

May 25, 2023 Cryptocurrency has been touted as the future of finance, a revolutionary digital asset that promises decentralization, security, and financial freedom.  The meteoric rise in popularity and value of Bitcoin and other cryptocurrencies over...

Maverick on zkSync - Earning, Locking And Voting

28 Sep 2023 2 minute read 7 comments PVM

I discovered Maverick after Binance added $MAV farming as a launchpool, and done a little research about the project. Maverick is a composable DEX that enables LP to achieve high capital efficiency through different strategies, and being deployed on...

War On Crypto? The Secret Plan By Gary Gensler (SEC)

9 Jun 2023 5 minute read 4 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

You know that the SEC has declared war on the Crypto world. They attacked both Binance and Coinbase. Actually even Kraken a few months ago. Furthermore, the disputes with XRP (Ripple) declared a security are old. What does it mean to be a security? B...

Pros and Cons of Leveraged Trading on Binance Exchange

18 Jun 2023 4 minute read 14 comments Smoljanović

Pros and Cons of Leveraged Trading on Binance Exchange   Introduction  Leveraged trading, also known as margin trading, is a popular practice among cryptocurrency traders.  It enables traders to amplify their buying power and potentially increase the...

Forget Blackrock: These Crypto Trends Are the Real Deal

12 Nov 2023 1 minute read 2 comments Cryptofab

As you may have noticed, the crypto world is always changing, with new trends popping up all the time. While Blackrock has been making waves with its recent crypto ventures, there are many other trends worth keeping an eye on in 2024. 1. Trust is Eve...

BNB Takes Off 10% as Sleepless AI Joins Launchpool: Get Excited, But Be Mindful

26 Dec 2023 1 minute read 4 comments Cryptofab

I'm thrilled to see BNB soaring nearly 10% today, following the exciting announcement of adding AI-powered gaming platform Sleepless AI to Binance Launchpool. This move is a game-changer for BNB holders, as Sleepless AI is poised to be a blockbuster,...

Are Our Crypto Funds Safe in DeFi? Assessing Risks Like a Pro

6 Nov 2023 1 minute read 3 comments Cryptofab

Picture this: you're scrolling through Binance news, minding your own business, when you stumble upon a headline that sends shivers down your spine – "DNS attack against Frax Finance." Panic sets in as you rush to check your DeFi portfolio, only to d...