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

Binance Coin (BNB)

1,146 Articles 1521 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.


What is Binance Coin (BNB)? — ‘Exchanging the World’ — Beginner’s Guide

17 Jun 2020 6 minute read 5 comments cryptomagis

The idea of cryptocurrency exchange does not remain as a less explored one in the present world. Because of the high-flying profits and the ease of working, the prospects attract a lot of user interest. Meanwhile, the cryptocurrency exchanges use the...

Building Passive Crypto Income Streams Is A Must!

2 Jul 2020 2 minute read 16 comments Sapphire

Passive Crypto Is Absolutely Essential Post 2020 I think passive income is the absolute dream to work towards and I think most people would agree with me. However, most people have no idea how to get started along the road to financial freedom. This...

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

5 Jun 2020 1 minute read 6 comments Abhi K

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...

CoinMarketCap Introduces New Section for DeFi Tokens

29 Jun 2020 1 minute read 3 comments Abhi K

CoinMarketCap has added a new section that tracks decentralized finance (defi) tokens. At the time of publishing, the $COMP asset holds the highest market cap in the defi space with roughly $610 million in market cap, followed by MKR with roughly $45...

Stake Your Coins Without Parting With Them - Yes It's Possibe!

3 Jul 2020 2 minute read 5 comments Sapphire

The Risk Of Staking Whether we want to admit it or not, staking coins does incur a fair amount of risk as one has to trust a third party. Staking on an exchange like Binance is still a third party as they now have the controlling keys. Even staking i...

Equilibrium May Summary

15 Jun 2020 3 minute read 0 comments EquilibriumEOSDT

In spite of quarantines and worldwide slowdown, Equilibrium has kept up to speed in May. We were active with PR in several podcasts and an AMA. Our governance system is developing fast, with numerous top names joining the system. We have launched our...

The CoinMarketCap / Binance Conundrum Rises Again Pt 2

9 Jun 2020 4 minute read 4 comments pheonixdown-dee

In the cryptocurrency ecosystem there is always a lot going on at once from numerous companies announcing updates to changes in the crypto price that a lot of news simply is viewed, digested, forgotten about and the process is repeated the following...

How To Trade Atomic Wallet Token (AWC) on Binance DEX

22 Jun 2020 2 minute read 7 comments xqanxxx

Hi guys, I hope we are all doing great :)  Last week I prepared a guide on how to trade the Atomic Wallet Token (AWC) on Binance DEx. The guide was made purposely for mobile device users as most of us are more conversant with our smartphones. Today I...

Top 5 Crypto Staking Exchanges

5 Jul 2020 2 minute read 3 comments Crypto Resources

1 ) Kraken Kraken has both on-chain staking and off-chain staking. The on-chain staking is provided to some Proof of Stake protocol cryptocurrencies and with staking on Kraken you first need to be a verified as starter level which is the (minimum) l...

Passive income with BAT, DAI, BTC and BNB: I found a way for all three!

4 Jul 2020 3 minute read 2 comments MadMaxx

Passive income is the most sought after thing by millennials today. It's simply when you make money without putting in any physical effort. It's more or less your money working instead of you. It sounds great and all, but how can you make passive inc...