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.


Binance Users' Selfies Leak

1 week ago 1 minute read Ed-california $3.10 tipped

Binance has announced that it will begin investigating a Know Your Customer (KYC) leak after rumours started spreading that users’ selfies, used for account verification, had been leaked from the platform. CEO Changpeng Zhao tweeted shortly after say...

Binance CEO Says He's Not into Lambos. BNB Soars Despite Selfie FUD

1 week ago 1 minute read Ed-california $2.39 tipped

Binance has had an interesting few days, what with the reports about a hacker leaking selfies that users sent to the exchange for verification. Tens of thousands of selfies were reportedly leaked, all from February 2018, when Binance had hired a thir...

Binance Coin (BNB) takes off and is heading for $ 40.

1 week ago 2 minute read daniejjimenez $1.76 tipped

The market has once again entered into recession and the capitulation of profits has passed on this occasion to pump the native token of the world's largest exchange, Binance, with its native currency Binance Coin. At the time of writing the MarketCa...

Looking for New Crypto To invest? Here Are My 2 Suggestions For You

3 weeks ago 1 minute read Ed-california $1.73 tipped

When potential investors look for a cryptocurrency to invest in, most of them will be drawn toward the top 3 or top 5 projects in the market cap rankings. This is because of the sheer volume of promotional benefits that these top projects receive fro...

Binance Coin (BNB) Review

3 weeks ago 3 minute read Rumi $1.13 tipped

Binance coin іѕ а digital currency issued bу thе cryptocurrency exchange Binance. Thе cryptocurrency іѕ denoted bу thе symbol BNB. Aѕ Binance plans а global expansion аѕ thе leading cryptocurrency exchange, hоw іt hаѕ leveraged аnd burned іtѕ оwn alt...

Binance Cryptocurrency Exchange Refuses to Pay Blackmailers Over a Possible Data Breach

1 week ago 1 minute read Matthew Rosenquist $1.12 tipped

A blackmailer attempted to extort $3.5 million from the Binance cryptocurrency exchange, stating they would release confidential KYC (Know Your Customer) data.  Binance has refused to pay the demands and is working with law enforcement to track down...

Best Places for Trading Bitcoin and Cryptocurrencies

3 weeks ago 23 minute read Jimmy D $1.08 tipped

Bitcoin and cryptocurrencies have become all the rage of late.  Well, to be completely honest, all the rage for quite some time for those in the know.  Considering what happened in the bull run of 2017, I suspect when price action kicks off again, th...

Is WIN.com Block.one’s New Gaming Platform To Rival Binance And Tron?

1 week ago 3 minute read Blockspectator $0.46 tipped

Win.com could be the secret that Block.one has yet to reveal. The creators of EOS may soon join the gaming industry. In a subtle move, Block.one recently acquired Voice.com in a deal that set them back $30 million. The move allowed EOS entry into the...

Binance adds new ordertype OCO (Order cancels order)

3 days ago 1 minute read Spigfish $0.36 tipped

Binance will perform a scheduled system upgrade starting at 2019/08/15 02:00 AM (UTC). The upgrade will take approximately 6-8 hours. What is a One-Cancels-the-Other Order - (OCO)   A one-cancels-the-other order (OCO) is a pair of orders stipulating...

Trust Wallet - The official binance mobile wallet

2 weeks ago 1 minute read Medal182 $0.28 tipped

Hello, from now on we can trade our cryptos through the official Trust Wallet app, the binance encryption wallet that will also work with [Multi-Dex] support due to the integration of the Binance DEX and Kyber Network protocol. In addition to the eas...