Sirwin
Sirwin

Binance Coin (BNB)

7,022 Articles 95,611 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.


Will privacy coins be delisted on Binance?

7 Jan 2024 2 minute read 9 comments Kovichni

I'm going to try and keep this one short. It's pretty much an addendum to this, so if you haven't seen it yet be sure to give it a read so this next part won't seem like gibberish. Because we have a rather worrisome yet predictable development: After...

Going Arkham With Binance Then CyberConnected With The SEI Blockchain

6 Oct 2023 2 minute read 6 comments PVM

I used the BCH I won at a dodgy meme competition to create a better portfolio on Binance, and build up my BNB stash. Even with the staking restrictions for UK users, I am still eligible for the Binance Launchpad and Launchpools.  Wanted something fre...

Scaling Bitcoin: Ark's Journey Towards Mass Adoption

28 May 2023 3 minute read 8 comments ⚡ Daniela ⚡

As Bitcoin gains momentum and recognition as a decentralized digital currency, it faces challenges that impede its widespread adoption. High transaction fees have emerged as a significant obstacle, particularly for smaller payments. To address this c...

Binance Is News (Once Again).

5 Feb 2024 2 minute read 1 comment CryptoEntrepreneurs

Binance, the world's largest cryptocurrency exchange, is once again in the eye of the storm after the revelation that part of its code and internal data were exposed on GitHub, the code collaboration website. Simple carelessness or a serious attack o...

When Life Gives You $40... in Bitcoin!

3 Jun 2023 3 minute read 16 comments ⚡ Daniela ⚡

Overexcitement and Bonuses Galore: My Journey with Uphold   I can't contain my excitement as I recount my recent experience with Uphold, the not so popular shitcoin casino. I believe that more popular casinos are Binance, Coinbase, Kraken or Kucoin,...

Travala Case Study - Digital Technologies In The Visitor Economy

13 Jul 2023 20 minute read 11 comments PVM

Not sure if you already noticed, but I can talk about a wide range of subjects or topics. This is because my educational background shifted and changed trough my life. From sports to management, from physical education to travel and tourism. Spoiler...

Huobi and Kucoin have benefited the most from the attack on Binance

16 Aug 2023 3 minute read 3 comments Kovichni

I know the article talks about "Binance's decline" rather than an attack, but that's just some of that good old conditioning/mental programming. What "decline"? As if Binance was just running business as usual and then suddenly for no apparent reason...

A Skeleton Crew of Workers is About to be all That's Left at the SEC

23 Sep 2023 2 minute read 1 comment Cje95

Even though House Republicans continue to work and Members and Staff have been advised they could be recalled to DC for votes the likelihood of a spending bill coming together this weekend is practically zero. The issue that has been hampering the Ho...

Cryptocurrencies To Watch This Week Ahead Of The Monthly Market Close

28 Aug 2023 4 minute read 2 comments Rubikkav

Bitcoin and Ethereum continue without any relative movement. Little liquidity, volume and bearish sentiment promise an upcoming price correction. Digital assets such as Litecoin, Binance Coin, Optimism Network and among others, seek the average w...

Can Trading Bots Make You Rich?

7 Nov 2023 1 minute read 17 comments Cryptofab

I recently read an article about Binance trading bots and was intrigued by the possibilities. The article explained how these bots can automate crypto trading based on preset parameters, providing benefits like 24/7 operation and emotion-free trading...