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.


Token Burning Mechanism Explained

2 weeks ago 5 minute read MeinCrypto $5.26 tipped

You have probably asked yourself, why would anyone on earth burn or destroy their precious crypto tokens? What’s the reason behind it, what are the mechanics and most importantly, how can you make money off it?  Well, I've got good news, you’ll find...

National Digital Currency: The Next Step of Blockchain Evolution.

1 week ago 5 minute read N $2.84 tipped

  Recently Philadelphia’s Federal Reserve bank president Patrick Harker came out with a remarkable statement that it is “inevitable” for the central banks, including the U.S. Federal Reserve, to start issuing digital currency. This is a great leap fo...

The Doge Story: Should We Talk Memes Or Market?

3 weeks ago 4 minute read JLettermanMB $2.42 tipped

Perhaps no other crypto asset has a bigger following than Dogecoin. It's a fascinating story, especially when you take into account the coin was created as a joke currency. How did this joke crypto and its mascot become so popular? People love this c...

The Brilliant Ultimate Guide For Trading on Binance Futures

11 Nov 2019 9 minute read Rubika Ventures $2.18 tipped

Join in our Official Trade Room In Telegram For Bitmex and Binance. Hi Rubikators! The following article is an adaptation of the original article made by Binance and entitled “The Ultimate Guide to Trading on Binance Futures”. When we found it, we de...

Bitcoin Holders Are Crazy!!! BTC Price Prediction December 2019!!

1 week ago 2 minute read andreaskanel $2.10 tipped

Most Bitcoin holders don't sell! And we are talking about a year that there was an upward trend 4 times since the end of 2018.     According to a study by Rhythm analyst, it was found that 11,580,000 Bitcoin, which means, about 60% of the circulatio...

Deposited Wrong to Okex? Guide to Get Coins Back

2 days ago 1 minute read kingscrown $2.07 tipped

Sometimes when doing deposits to exchanges you can do a mistake.. Ie send STEEM to SBD, send BTC to BCH or use wrong memo on a lot of things. Every exchange has different ways to operate that, but 99% times ends with KYC. Okex is an amazing spot, if...

Matic, Elrond and Celer Price Analysis: Binance IEO Coins Pumping

1 week ago 5 minute read daniejjimenez $1.59 tipped

Amid the recovery of the price of Bitcoin and the levels of market capitalization, there are some tokens that have had a respectable performance during the week and in large part during the month of November. We refer to cryptocurrencies issued throu...

WazirX and Binance making it easier for Indians to get into cryptos - Incredible!!

1 day ago 3 minute read Greenchic $1.58 tipped

  Last month’s exciting news for me was Indian crypto exchange WazirX’s acquisition by giant international exchange Binance. Both these exchanges are from where I acquire my cryptos which I generally store in Atomic wallet and Celsius Wallet(: … So,...

The Latest Crypto Market Updates In Our Telegram Channel

2 weeks ago 1 minute read Rubika Ventures $0.48 tipped

Hi Rubikators! This is flash market update in our telegram channel https://t.me/rubikaventures COMMUNITY DETAILS Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single adminis...

4 Major Crypto Exchanges Hacked!!!

1 week ago 1 minute read andreaskanel $0.47 tipped

  The Blockchain technology is new and involves day by day it is very logical to face problems with security. The last victim of the hackers is a well known exchange, the Upbit which comes to remind us that it is very important to store our cryptos o...