Binance Coin (BNB)

6,535 Articles 81,487 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.

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...

The future of privacy cryptos is being shaped right now

7 Sep 2023 1 minute read 5 comments Kovichni

It's no secret privacy has been under attack for over 2 decades now. Equally so has crypto been attacked and slandered so to many of us it was like clockwork when we started to see the full scale "free media" propaganda against privacy crypto and the...

Binance Decoded: Intriguing Insights into the Global Crypto Giant

5 Sep 2023 1 minute read 1 comment SimpleSwap

In the ever-evolving landscape of cryptocurrencies and blockchain technology, few names have achieved the same level of influence as Binance in the Crypto World. Nowadays, this exchange has become a global phenomenon that has redefined the way we int...

Goodbye Binance... I'm Leaving You Today

28 Aug 2023 3 minute read 3 comments Cryptofab

Maybe some of you are fans of Pink Floyd's album "The Wall" like me... And if you are fan of this album, you probably know these words: Goodbye crual world... I'm leaving you today... Goodbye... Goodbye... Goodbye... Well, if you replace "crual wor...

Jim Cramer's Pro Binance News created a stir

6 Sep 2023 1 minute read 4 comments Yugocean

     Today, suddenly, there was a stir among Binance users due to viral news showing notorious Jim Cramer's positivity towards CZ, Binance, and BNB. Oh no, Jim Cramer      It is famous in the economic world about Jim Cramer that whatever business o...

First Half of September in 2023 / NULS Attended the International Digital Transformation Conference

19 Sep 2023 5 minute read 7 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Conducted NULS underlying performance optimization and testing process. Optimized NULS Explorer ( As...

Build a Trading Bot Using Node.js and Binance API: Turn Your Computer into a Money Machine

24 Sep 2023 5 minute read 2 comments leobgrt

First things first, let’s address the elephant in the room: there are countless trading bots available online, many with impressive track records and a long list of satisfied customers. So, you might be wondering, why in the world would you want to b...

1 BTC Project - Bye Bye Binance

25 Sep 2023 2 minute read 4 comments 1BTC Project

I wrote about this in August of 2023 but as of today -September 25, 2023 - it has become official. Binance has exited the Canadian market.  This is very frustrating for me because I have been using Binance for two ends.  1. I have some trust that t...

DeFi and Staking within NULS Ecosystem

18 Sep 2023 2 minute read 0 comments NULS

Participate in Various DeFi-Protocols in NULS Ecosystem The emergence of ENULS has significantly enhanced the development of the NULS ecosystem, enabling seamless migration of other DeFi protocols into the NULS ecosystem. Additionally, the growth of...

Why I Sold My BNB

18 Sep 2023 1 minute read 2 comments Cryptofab

I sold my BNB at $216 last night because I'm taking profits and waiting for a correction. I bought BNB at $206 on Sept. 11, and it reached $216 on Sept. 17. That's a 5% gain in six days, which is a small gain. But I decided to sell it because there a...