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.


Binance - Locked Staking / Flexible Staking / DeFi Staking

27 Aug 2020 2 minute read 21 comments Sapphire

Chances Are You Are Staking  If you have ever used Binance and have held coins on the exchange for the short to medium-term, chances are, you have been staking coins in what they refer to as flexible staking. Most people are aware of the staking oppo...

Paypal, Payeer, PayTM & Western Union among 58 Others Included As Payment Methods For P2P Trading In Binance!

27 Aug 2020 1 minute read 0 comments LinkStar

Binance the world's largest cryptocurrency trading platform recently added about 58 new payment methods to its previously 4 on its peer-to-peer trading (p2p). This allows to buy or sell cryptocurrencies with other users within the platform. Paypal, S...

Binance distributed the first batch of Swipe (SXP) - 11 more to follow!

26 Aug 2020 2 minute read 15 comments PVMihalache

    Binance Ecosystem will distribute $16 million worth of Swipe (SXP) for 12 weeks to users who hold Binance Coin (BNB). The campaign started on 17th of August and a total of 4 million Swipe Tokens will be credited to Binance users who hold a weekly...

Price analysis | BTC, BAT and BNB: Round two!

26 Aug 2020 1 minute read 0 comments MadMaxx

Before we get started, join my telegram channel here. We bought the BTC dip at 11141 yesterday! Boy o boy, am I on fire! All my analyses have been spot on for the past three or four days now, and I really hope this streak continues. I told you that B...

Binance Lists This Altcoin! Price Starts To Rally

25 Aug 2020 1 minute read 0 comments DHEagle

Leading Bitcoin and cryptocurrency exchange Binance made an important statement today and announced that it will list the altcoin called Reserve Rights (RSR). After the listing news of the exchange, the price of cryptocurrency gained momentum and saw...

Community Tells Binance's CEO to DYOR Under His Tweet On DeFi

25 Aug 2020 1 minute read 4 comments Abhimanyu Krishnan

On August 24, Binance CEO Changpeng Zhao tweeted criticism on the state of DeFi, and specifically the ill-fated YAM Finance protocol, which led to the cryptocommunity offering some criticism in return.  Zhao said that there would be “many projects l...

I tested "Cryptos" for 7 days and I got mixed results

25 Aug 2020 4 minute read 17 comments PVMihalache

Last week, my friend Teodor recommended me some new faucets, from Free Cryptos. I am a long time user of CoinPot but I decided to give them a try. They are quite active on Twitter and almost daily, they will post a code which will allow users to tak...

EOSIO (EOS) USD ANALYSIS

25 Aug 2020 1 minute read 0 comments @bniv0123

.EOSIO (EOS) USD ANALYSIS.4-HOUR analysis (each stick-candle) equals 4 hours. (eos) EOSIO, like other cryptocurrencies, has entered a stable period in terms of eos btc against rising btc against usd and sudden ups and downs of btc. I see this as a...

Price analysis | BTC, BAT and BNB

25 Aug 2020 1 minute read 0 comments MadMaxx

Before we get started, I'd like you to know I have a telegram channel where I share my trade signals and educational content (all for free by the way). Join here! Let's now get started. BTC BTC may be ready to start moving up. Over in my telegram, we...

Build for Bharat- Ankr Network

24 Aug 2020 1 minute read 0 comments Ankr Network

We're proud to be a sponsor for Build for Bharat, a 3 month DeFi Hackathon/Accelerator. 100 selected teams will compete with finalists receiving 30,000,000 INR ($400,000~) as well as additional investment and mentorship opportunities. So if your a cr...