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.

When Will Crypto Market Go Up in 2023?

7 Sep 2023 3 minute read 8 comments Swapzone

Welcome to the wild and unpredictable world of cryptocurrencies! If you’ve been following the crypto market closely, you might have noticed that we’re currently experiencing the longest bear market in its history. Yes, it’s been a rollercoaster ride...

Looking Under Binance's Hood and Seeing What's There

19 Sep 2023 6 minute read 7 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Slow And Steady Like An YAK - Snowing Crypto On Avalanche

3 Sep 2023 1 minute read 2 comments PVM

Once upon a time a bought the dip and got a bag of $AVAX. It was auto-compounding on Binance for months, until the rewards where stopped for UK based users. I had to look for alternatives and moved the tokens to the Avalanche EVM chain, and done the...

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...

SWOT Analysis: BNB Chain (BSC)

11 Sep 2023 8 minute read 0 comments Andrey Didovskiy

*Note: a SWOT analysis is an evaluation of the fundamental, operational, technical, social, economic, and even to some degree administrative elements of a project. This is not a model to be used for trading purposes. (NFA, DYOR) Composed of four e...

Executives Leave Binance. Will It Have Repercussions On The Crypto Market?

6 Sep 2023 3 minute read 7 comments CryptoEntrepreneurs

Binance is one of the largest cryptocurrency exchanges in the world, with more than 100 million users and a daily trading volume in excess of $20 billion. However, in recent months, the platform has faced increasing regulatory pressure from several c...

Are Your Crypto Funds Safe? Top Cybercrime Stories

25 Sep 2023 1 minute read 3 comments Cryptofab

I read today that exchanges like Binance are strengthening their relationships with some countries. One of the reasons is the risk of cybercrime. From billionaires to exchanges, no one seems safe from crypto hacks and attacks. Let's take a look at so...

Binance to Refund XIRTAM scam victims

8 Sep 2023 1 minute read 1 comment Yugocean

     Bimance has decided to pay back the victims of the XIRTAM scam project. This is good news for those who invested in the token sale, but other investors will have to wait. The XIRTAM Scam Fund      In early May 2023, a scam project called "XIRT...

Oleksandra Oliynykova - Tennis And Crypto

15 Sep 2023 4 minute read 1 comment PVM

More than a year ago I wrote about the Oleksandra Oliynykova and the first ever game that was powered by the IRL performance of an athlete. The game is powered by the OLI token, and is the first and only of its kind as it runs both on the blockchain...

The SEC Prepares for Shutdown After White House Issues Shutdown Warning

25 Sep 2023 1 minute read 2 comments Cje95

Last week SEC Chairman Gary Gensler warned that without funding come October 1st, the SEC will start being run by what he called a skeleton crew. Today the White House issued a "shutdown warning" to all Federal Departments and Agencies so that the es...