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

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.

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...

BDollar: Promising Gem on Binance Smart Chain!

14 Mar 2021 3 minute read 11 comments SamBTC

During the last couple of weeks I have been exploring the new projects that are coming up on Binance Smart Chain which are witnessing rising popularity as more and more people want to explore options to avoid the smothering ETH fees on DeFI platforms...

What is WazirX (WRX) - [A Comprehensive Guide to Understanding WazirX]

1 May 2020 7 minute read 8 comments Mr.CryptoWiki

Everybody needs a place to trade cryptocurrency. Luckily, the majority of countries within the developed world now have large platforms to go and trade their cryptocurrencies at, such as Binance or Coinbase.  However, investing in cryptocurrencies wi...

Top 5 Trending Cryptos of April Explained - TLM, BNB, CAKE, XRP, VET

19 Apr 2021 4 minute read 15 comments The Part Time Economist

According to CoinGecko, Alien Worlds Trilium (TLM) is the #1 trending cryptocurrency. In addition to TLM, Binance Coin, PancakeSwap, XRP, and VeChain round out this week's top five trending coins. In this article, I'll provide a very general overview...

Put Binance Coin (BNB) to work: 6 immediate benefits!

16 Sep 2020 3 minute read 28 comments PVMihalache

Binance Coin (BNB) is the ERC-20 token that offers cheaper fees and discount perks on the Binance Exchange. Binance Coin started in 2017 from the $0.0398 value, and kept growing since than up to $39.68 in June 2019. BNB currently holds the 8 place in...

Crazy Low Fees for Farmers on Harvest Finance

30 Apr 2021 3 minute read 5 comments Da_Sound

Binance Smart Chain has been absolutely killing it during this bull run. A huge number of projects are now taking to this low-fee alternative to Ethereum and it’s paying off big time for everyone involved.  And with Harvest Finance now with integrate...

What Is Binance Coin (BNB)? Basic Overview

12 Apr 2021 4 minute read 7 comments

If you regularly visit the CoinMarketCap website, you’ve likely become aware of a new coin which had been in third place for a number of weeks now called Binance Coin. But just what is Binance Coin? And should you make an investment? What Is Binance...

Binance Launchpool: Bella Protocol (BEL) for BNB holders

11 Sep 2020 2 minute read 29 comments PVMihalache

The Bella Protocol (BEL) is a hybrid project that is both DeFi and CeFi in the same time. Bella provides custodian services as a DeFI gateway, yield farming strategies with smart contracts and has the ability to be integrated with CEX's for yield far...

Binance Lists MKR and DAI

24 Jul 2020 1 minute read 20 comments Abhimanyu Krishnan

Binance has listed the MKR and DAI tokens, according to an announcement made on July 23. The two assets will each be paired against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD) and Tether (USDT). A Binance spokesperson said that the exchange...