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.

AI and Blockchain: The Future of Decentralized Intelligence – An Interview with Jimmy Zhao, Senior Solution Architect at BNB Chain

5 Jun 2024 6 minute read 0 comments Mike Ermolaev

Imagine a future shaped by AI working hand-in-hand with blockchain—it's happening now as these technologies revolutionize the digital landscape. Jimmy Zhao, Senior Solution Architect at BNB Chain, brings a wealth of experience from his previous roles...

Binance's 19th Proof of Reserves and other news

6 Jun 2024 1 minute read 0 comments Yugocean

Binance's 19th Proof of Reserves      The world's largest crypto exchange platform, Binance, has announced the 19th POR (proof-of-reserves). The data for the POR is based on June 1st.      All assets are backed by reserves in a 1:1 ratio. Data proves...

Crypto Today 104

10 Jun 2024 1 minute read 0 comments Yugocean

Binance's influence in the market is not the same as before      There was a period when Binance wielded significant power in the crypto market; the market for whatever was listed on it would grow, while the price for whatever was delisted would plum...

Binance Exec Still Held in Nigeria

7 Jun 2024 3 minute read 0 comments cryptogod-1

Good day everybody, Welcome to CryptoGod-1's blog on all things crypto. In this post I will be looking at the continue holding of Binance executive Tigran Gambaryan in Nigeria and how U.S. lawmakers are fearful for his life.     Tigran Gambaryan A gr...

Crypto Weekly Recap: Binance Founder Jailed; Biden Vetoes Crypto Rule; Hong Kong Bans Unlicensed Exchanges; and More (May 26–June 1, 2024)

3 Jun 2024 4 minute read 0 comments MelegaSwap

The cryptocurrency market has been buzzing with activity lately. On-chain data shows a sharp increase in Bitcoin accumulation, similar to the accumulation phase in 2020 that led to Bitcoin's surge to $64,000 by April 2021. This hints that we might be...

Crypto Payments: The Future of My Business? Exploring the Possibilities of Binance Pay

29 May 2024 1 minute read 2 comments Cryptofab

I've been hearing a lot of buzz about crypto payments lately, and it's got me curious. Could this be the future of my business? I'm particularly intrigued by Binance Pay, which seems to be gaining traction in the digital finance world. What's Attrac...

Is Blockchain the Future or a Flop? A Deep Dive Into the Tech Revolution

11 Jun 2024 1 minute read 3 comments Cryptofab

You've heard the buzz about blockchain, but is it here to stay or just a passing fad? With Binance's user count skyrocketing to 200 million, it's clear that something big is happening. But does this mean blockchain is the next big thing or just anoth...

From Ronaldo Fan to NFT Millionaire? Here's How I'm Doing It (and You Can Too!)

1 Jun 2024 1 minute read 0 comments Cryptofab

I'm intrigued again by these Binance posts: "Don’t Miss The CR7 Forever Worldwide Binance Live Event With Free NFTs"... I'll be glued to my screen for the Binance live event on Cristiano Ronaldo's NFT collection happening pretty soon... But in the me...

Binance Busted a $6 Million Laundering Ring, But Is It Just a PR Stunt?

17 May 2024 1 minute read 1 comment Cryptofab

I recently read that Binance helped Taiwanese authorities bust a massive money laundering ring. This made me wonder if Binance is finally trying to clean up its act. Are they trying to shake off their "wild west" reputation and gain legitimacy with r...

Binance, You're Starting to Sound Like a Broken Record: A Plea for More Creative Crypto News

20 May 2024 1 minute read 0 comments Cryptofab

Okay, Binance, we need to talk. I get it, you're proud of your track record in helping law enforcement crack down on crypto crime. And you should be! It's commendable work that contributes to the legitimacy and security of the crypto ecosystem. But h...