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.

Co-founder of 0xVM: Bitcoin is poised to kick off a Layer 2 bull market within the next 2 to 6 months.

26 Apr 2024 2 minute read 3 comments Publish0x PRs

During the recent Bitcoin Ecosystem Conference streamed on Binance Live, the co-founder of 0xVM made a compelling point: They forecasted that Bitcoin will kick off a bull market fueled by layer 2 technology within the next 2 to 6 months. This predict...

Pancake Swap Analysis - The VeCAKE Migration Made CAKE Great Again

6 May 2024 2 minute read 1 comment PVM

I used Pancake Swap since day one, farming in there soon after launch. I am still farming 3 years later, event if it is not what it was. The $CAKE token had a serious decline, even if PancakeSwap maintained the top DEX on BNB chain. You can still tra...

Atomic Wallet Migrated The $AWC Tokens From Beacon Chain To BNB Chain

7 May 2024 2 minute read 4 comments PVM

Atomic Wallet is a decentralized Cryptocurrency wallet that supports more than 1000+ coins and tokens, providing simplicity, safety, and convenience for its users. Maybe in the current DeFi status quo is hard to believe that I am using it since the s...

Tokenomics: Designing Economies for ICOs and Tokens

13 May 2024 5 minute read 1 comment letssittt

Introduction In this article, we will go into the exciting world of tokenomics, discovering its definition, key features, and the importance of tokenomics in the valuation of cryptocurrencies and blockchain network development. Furthermore, there wil...

Top Crypto Picks: BlockDAG Dominates With Multiple Fold ROI Potential in the Market Along with Bitcoin, Ethereum, Binance Coin, Ripple, & Solana

29 Apr 2024 2 minute read 1 comment Raghav Sawhney

Exploring new cryptocurrencies offers undeniable excitement, yet investing requires a thorough analysis. Understanding a project’s potential for growth, strengths, and weaknesses is crucial for evaluating its fit and risk. This article offers detaile...

El Salvador Beach Bliss: But Where Else Can I Go On Vacation as a Bitcoiner?

11 May 2024 1 minute read 1 comment Cryptofab

So I was just scrolling through crypto blogs and saw this interesting post from Binance about their cooperation with El Salvador: It got me thinking - El Salvador, with their whole Bitcoin thing, could be an epic summer...

Crypto Weekly Recap: Binance US Loses Another License; CZ Sentenced; Trader Lost $68M Crypto; and More (April 28-May 4, 2024)

5 May 2024 4 minute read 1 comment MelegaSwap

This week, the cryptocurrency market faced fresh volatility as Bitcoin (BTC) hit multi-month lows on May 1. Despite the upcoming Bitcoin halving event and increased institutional adoption, which typically point to a potential price rally, Bitcoin's v...

The Inspirational Fictional Story of a Stay-at-Home Dad Who Gained From BNB Coin, BlockDAG's Presale Success & Possibly Significant ROI

27 Apr 2024 2 minute read 3 comments Raghav Sawhney

The narrative of everyday people transforming modest sums into vast fortunes captures our imagination. It serves as a testament to the potential that lies within markets ripe with opportunity, like cryptocurrency.  This fictional story highlights a s...

Dispute among creditors over FTX's compensation plan

10 May 2024 1 minute read 2 comments Yugocean

Dispute among creditors over FTX's compensation plan          FTX has proposed to sell assets, and pay creditors 118% of the then token value. This plan has divided lenders into two groups.    Objection: FTX creditors' representative Sunil Kavuri, ci...

DoJ seeks 3-year sentence for Binance founder CZ

25 Apr 2024 1 minute read 4 comments Yugocean

DoJ seeks 3-year sentence for Binance founder CZ ० Court: Judge Richard A. Jones of the Western District of Washington is on Changpeng Zhao's (CZ) case. According to sources, CZ is set to be sentenced on April 30 in Seattle. ० DoJ Prosecutors: DoJ ea...