Sirwin
Sirwin

Binance Coin (BNB)

7,024 Articles 95,667 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.


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: https://s.binance.com/wnnbsPHs 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...

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...

Crypto Weekly Recap: SEC vs Ripple Nears Conclusion, Binance Relaunches in India, FTX to Refund Users; and More (May 5–11, 2024)

12 May 2024 4 minute read 0 comments MelegaSwap

Bitcoin (BTC) experienced a significant drop this week, falling to around $60,300 after a notable 4% decrease over the past seven days. Although the coin had reached an all-time high of $73,750 a few days before the most recent halving, the current d...

DEGEN: The Meme Coin that Could 100x Your Investment... or Rug You?

19 May 2024 1 minute read 2 comments Cryptofab

Alright, degens, gather 'round. I've been scrolling through CoinGecko, and this DEGEN token on Base caught my eye. It's giving me serious meme coin vibes, and we all know how those can explode. But is this one worth the risk? Let's dive in. What the...

CZ sentenced for ''money laundering'' & Roger Ver arrested for ''tax evasion''

1 May 2024 2 minute read 1 comment Kovichni

For those who don't know me or this writing style, those air quotes in the title are as sarcastic as sarcasm can be because everyone with 50 brain cells knows the witch hunt against these people has actually very little to do with them. But let's fir...