Binance News, BNB Price Predictions, Opinions and Analyses Created by Users

Binance Coin (BNB)

3,284 Articles 28,100 Followers

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.

Binance Smart Chain — An Introduction

26 Nov 2020 4 minute read 6 comments NOWNodes

Originally published in the NOWNodes blog. Binance smart chain became live on its mainnet on 17th September 2020. It took five months for the smart chain to go live since it was announced in April 2020. Since recently we added support to Binance Smar...

The Trust Wallet Token (TWT) distribution and how I staked TWT on PancakeSwap

26 Dec 2020 2 minute read 50 comments PVMihalache

Good morning P0x Bros! Good morning PancakeSwap chefs!  Hope you had a wonderful Christmas and enjoyed this new Christmas miracle, as Bitcoin hit another ATH at $24,999. As a minor miracle, I listen to my brother, the one and only Heruvim78, and crea...

CZ Says There Would Be No Binance Coin if It Wasn't for Vitalik

5 Jun 2020 1 minute read 6 comments Abhimanyu Krishnan

Binance CEO Changpeng Zhao, in a tweet posted on June 3, said that Binance Coin (BNB) would never have existed if not for Ethereum (ETH) co-founder Vitalik Buterin.  The conversation started after CZ, as the CEO is often called, replied to a tweet l...

Binance Academy Cryptocurrency Trading eBook

30 Nov 2020 1 minute read 8 comments cryptoforcanadians

A couple of weeks ago, Binance Academy tweeted that they were going to give away a cryptocurrency trading eBook. All that you had to do was to fill out a form and retweet the tweet. I followed the instructions and about a week after they e-mailed me...

Ditto Money ... Like Ampleforth but on Binance Smart Chain

19 Jan 2021 2 minute read 26 comments PVMihalache

Some will say... oh no.. another elastic token.. but this is cool! Ladies and gentlemen ... I present Ditto Finance, the first elastic supply token on Binance Smart-Chain. When you open the website, is love at first sight, with a fresh, uncluttered...

Stacking AUTO Sats Is Similar To Stacking BTC in 2019

6 Mar 2021 2 minute read 10 comments Sapphire

Was It Really That Low?When BTC hit the 3K mark back in early 2019, I encouraged everyone that came across my path to accumulate as much as they could afford. Few agreed with me, while most laughed. BTC recently reaching as high as 58K just goes to s...

Staking To Earn BNB At 97.46% APY

13 Feb 2021 2 minute read 15 comments fun2learn

I have just started staking to earn BNB at a high reward of 97.46% APY at a new site called Kebab Finance that has only started on 20 January 2021. Kebab Finance is a Defi that is based on Binance Smart Chain. With t...

Binance Launchpool added farming options for Bitcoin Standard Hashrate Token (BTCST)

12 Jan 2021 2 minute read 22 comments PVMihalache

Yesterday was "Red Monday", and after weeks of surge the prices went down. If you check the monthly charts, it wasn't so bad! Even if FAN tokens and Reef Finance can still be farmed, the Binance Launchpool added the 15th project. The Bitcoin Standar...

How to Use Your MetaMask as a Binance Chain Wallet [#BSC Tutorial]

15 Apr 2021 2 minute read 6 comments D3F1

Binance Smart Chain has been on an absolute tear since its inception in September 2020. The ecosystem is thriving as it swept past $10 billion TVL by February 2021 and continued higher to break $30 billion TVL on April 12th, 2021.It is important to l...

Bypass Binance Smart Chain Geo-Block For US Users

3 Mar 2021 2 minute read 22 comments The Part Time Economist

Over the past few weeks, people have been abandoning Ethereum en-masse to take advantage of the lower transaction fees and faster confirmation times on the Binance Smart Chain. Although there are a lot of great protocols on the Binance Smart Chain li...