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.

Federal Trade Commission Officially Objects to Binance's Purchase of Voyager

23 Feb 2023 2 minute read 13 comments ZeroRequiem

Hey Peeps!     On February 21st, the U.S. Federal Trade Commission (FTC) filed an official objection into Bankruptcy Court proceedings against Voyager's purchase agreement with Binance. The FTC filed this objection as the purchase agreement, between...

NULS Partners with GIFTO to Develop the Gifto Web3 Wallet

9 May 2023 1 minute read 0 comments NULS

NULS is excited to announce its collaboration with Gifto and the two parties will work together to develop Gifto’s upcoming web3 wallet. Gifto, as a leading Web3 gifting platform in the blockchain industry with a large user base and charitable attrib...

NULS Ecosystem Staking Guidance

25 Apr 2023 1 minute read 6 comments NULS

Stake and Earn in NULS Ecosystem In the world of cryptocurrency, we are very much concerned when discussing a cryptocurrency’s use cases. For example, ETH, the native token of Ethereum, is one of the most deflationary assets with probably the most us...

The Day Bitcoin and all Cryptocurrencies Stood Still

25 May 2023 5 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...

Symbiosis Sickish Green is Contagious - A fail meme competition!

6 Jul 2022 3 minute read 3 comments PVM

Back in March I participated in a writing competition, and I wrote "Living together in Symbiosis - Finance, DeFi, Crypto, Symbiotes and Swap". As every review I've done, I was brutally honest about what I liked, what I didn't, and about the things th...

Binance will start auto converting your Stablecoin to $BUSD

8 Sep 2022 1 minute read 22 comments Patch

Binance recently announced that they will start auto-converting some of your stablecoins into $BUSD. Is it a powerplay or simply something that makes sense? When will the autoconversion start? Binance has announced the autoconversion of users' exist...

Pancake Swap DeFi Experiment - Locking $CAKE for 52 weeks

7 Oct 2022 2 minute read 3 comments PVM

I am a Pancake users since early days, and enjoyed the boom that the $CAKE token had. I farmed at $0.20 and sold at $20, I kept some and farmed again, and still farming at the moment. Why? Because PancakeSwap still has some of the best tools on Binan...

WODL-ing on Binance for a Cristiano Ronaldo NFT

29 Mar 2023 2 minute read 7 comments PVM

I was/am a huge fan of Binance, considering BNB as one of the most solid cryptocurrencies available. I am sad that they recently removed all Earn options for UK users. I am a Loyal Binancian, joining earlier than 99% of the world! The WODL  game inv...

Binance to Suspend British Pound Deposits and Withdrawals

18 Mar 2023 1 minute read 16 comments ZeroRequiem

Hey Peeps!     According to an email reportedly sent out to customers on March 10th, Binance will be suspending all deposits and withdrawals made with the British pound (GBP) currency starting on May 22nd.  As of March 10th, new customers are also n...

Top 5 Best Crypto Apps (2023 Review)

20 Apr 2023 4 minute read 5 comments

In the rapidly evolving world of cryptocurrencies, having the right tools at your fingertips can make all the difference in maximizing your returns and staying ahead of the game. With a plethora of apps available, it can be challenging to determine...