Sirwin
Sirwin

Binance Coin (BNB)

7,022 Articles 95,583 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.


Changpeng ‘CZ’ Zhao Sentenced to 4 Months of Prison

1 May 2024 2 minute read 11 comments cryptogod-1

Good day everybody, Welcome to CryptoGod-1's blog on all things crypto. Today I will be looking at the recent news of Changpeng ‘CZ’ Zhao, the former chief executive of Binance, being sentenced to four months in prison by a Seattle court.     Changpe...

Crypto Changed Lives in Brazil?! My Binance Story Made Me Wonder...

8 May 2024 1 minute read 0 comments Cryptofab

Wow, just read some amazing news about Binance Charity stepping up to help people in Brazil: https://s.binance.com/c1Z2GAaS Seriously, it got me thinking about this whole crypto thing again. You see, down in Rio Grande do Sul, Brazil, there's been so...

Crypto Took a Hit, But Here's What Binance Research Says We Should Focus On

7 May 2024 1 minute read 0 comments Cryptofab

Just like many of you, I've been watching the crypto market closely last month, and let's be honest, April wasn't pretty. Binance Research just released a new report with some interesting insights, and I wanted to share some key takeaways that caught...

Binance and Kucoin are compliant with Financial Intelligence Unit in India

11 May 2024 2 minute read 2 comments Bala

A few months back a notice was sent to many cryptocurrency exchanges from the Financial Intelligence unit in India. This was for regulatory reasons and there was a panic situation around the investors too. This created a lot of confusion among the in...

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...

The Shocking Truth About Crypto Money Laundering: You Won't Believe How LITTLE It Actually Is!

18 May 2024 1 minute read 1 comment Cryptofab

I constantly see news about Binance working with different countries to fight against money laundering through cryptos... But how much does it REALLY represent? 🤔 Is the crypto world a hotbed for dirty money? I can't help but wonder every time I see...

There is NOT A new launchpool

12 May 2024 1 minute read 0 comments LeftFooted

See what I did there with the headline? I was also tempted to go with this other option: "There is a new launchpool NOT" Anyway, there's a new launchpool on Binance, for a token called NOT. Notcoin (NOT), the 54th project on Binance Launchpool, is...

NULS Mainet Gas-fee Modification is in Process

6 May 2024 2 minute read 0 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Assisting NTC in optimizing the Bitcoin cross-chain protocol. Tested the cross-chain logic for Bitcoin and FCH network....

Binance Hacked? Law Enforcement Data Exposed!

13 May 2024 1 minute read 3 comments Cryptofab

I recently read an interesting article about a situation with Binance that might sound scary at first, but hold on! It turns out, Binance itself wasn't hacked. Let's break down what's really going on... First, El Salvador's financial investigation un...