Sirwin
Sirwin

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.


Bitpanda Sponsors Bayern Munich

13 Jan 2024 1 minute read 5 comments KMatt

Bitpanda, the leading European exchange announces a new multi-year partnership with Bayern Munich, one of the most successful clubs in the world and certainly in Germany. From this January, Bitpanda will enjoy widespread television visibility, will a...

99% of people will lose the crypto they hold on their own, says CZ of Binance

17 Dec 2022 2 minute read 15 comments ZeroRequiem

Hey Peeps!     Changpeng Zhao, more commonly known as CZ, is making the news again as he says "most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it". The moment happens as CZ is answering question...

Seven Reasons Why I Think Kucoin Will Always Be Second Tier Exchange

10 Oct 2023 5 minute read 38 comments PVM

Kucoin is working hard to build a better Cryptoverse and I am working hard to create a steady flow of passive income. I am using it for over 2000 days, which is a life time in the crypto space, but I think Kucoin will always be a second tier exchange...

Play2Earn Experiment - I played Binance WODL to check the rewards

9 Nov 2022 3 minute read 10 comments PVM

I seen everyone FOMO into the Binance WODL game, where the players must guess/ discover the word by using the given letters. The tries are limited and the prize pool is shared to the participants. But is it worth it or is just a waste of time?  I sta...

The Binance Labs Investment Observer - The Omnichain Liquidity Distribution Network StakeStone

26 Mar 2024 1 minute read 4 comments Cryptonator`s

There are so many useless meme coins flooding the different blockchains right now. This makes it challenging for legitimate crypto projects to gain attention. This is especially true for projects that are more complex than simple meme tokens like the...

Swapping Crypto On zkSync With Maverick

10 Apr 2024 2 minute read 2 comments PVM

I discovered Maverick after Binance added $MAV farming as a launchpool, and done a little research about the project. Maverick is a composable DEX that enables LP to achieve high capital efficiency through different strategies. I farmed 5 $MAV and so...

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...

SEC Delivers A Blow To Binance: What Will Happen With BNB and BUSD Now?

15 Feb 2023 2 minute read 3 comments SimpleSwap

U.S. Securities and Exchange Commission (SEC) recognized the BUSD stablecoin as an unregistered security. Based on this information, The New York State Department of Financial Services asked the emitent of this stablecoin PaxosTrust to stop minting B...

Crypto Weekly Recap: CZ's Guilty Plea Accepted; BlackRock Secures $100K for BTC ETF; Do Kwon to Be Extradited; and More (Dec. 3-9, 2023)

10 Dec 2023 4 minute read 1 comment MelegaSwap

This week, the global crypto market soared, surpassing $1.55 trillion in total market capitalization on Dec. 5. Bitcoin (BTC) led the charge with a remarkable 14.5% weekly gain, reaching its highest level in 19 months. BTC is now the world’s ninth-la...

Watch Out! The Good, Bad, and Ugly of Automated Market Makers

19 Oct 2023 6 minute read 0 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...