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.


Binance Pay: Is it the Best Solution To Pay With Crypto or Are There Better Ones?

23 May 2024 1 minute read 2 comments Cryptofab

Today I explored Binance Pay. It intrigued me because of the way Binance is promoting it, which sounds a bit weird from my point of view - see below: https://s.binance.com/a4B2NVO0 Unlike traditional crypto transactions, Binance Pay aims for seamless...

Binance Labs invests in a new cryptocurrency

1 May 2024 1 minute read 0 comments KMatt

MilkyWay, the liquid staking protocol for Celestia's modular ecosystem, recently closed a $5 million funding round. Led by Binance Labs and Polychain Capital, the round saw the participation of leading investors in the crypto landscape, including Hac...

Is That New Crypto Exchange REALLY Legit? Here's How I Learned to Avoid Exit Scams (and Maybe You Should Too!)

9 May 2024 2 minute read 0 comments Cryptofab

Let me tell you, my heart sank a little when I saw the Binance post about ZKcasino. This whole gambling platform – seemingly out of nowhere – just disappeared into thin air. Apparently, they took a ton of people's money with them. Yikes! That got me...

7 Reasons Why Considering Symbiosis

23 Mar 2022 6 minute read 2 comments ben06x

Crypto is implemented as an anonymous method of payment in a decentralized way, with some coins trying to fight the inflation of life by having a number in circulation limited, others trying to be the next way of daily life payment by having low tran...

Another Day, Another Invite Code, Another Free NFT

19 hours ago 1 minute read 0 comments Cryptofab

While Binance still promotes the amazing Cristiano Ronaldo NFT, that you can buy with Binance Pay, I have a new invite code for the Floor app which allows to grab free NFTs: V3V355 To get started, please proceed as follows: 1. Download the Floor app...

Earn Binance Points

24 May 2024 1 minute read 0 comments player7o

Word of the Day: Learn Crypto and Earn Binance Points!   Take part in our weekly Word of the Day (WOTD) game! Learn all about crypto, put your knowledge to the test, and share a pool of 500,000 Binance Points, redeemable in the Rewards Hub.  ...

Tips To Earn Some Crypto For Free

4 May 2024 2 minute read 10 comments Astroboy13

For people who don’t have a lot of money to invest but some time to spare, the crypto world is a very interesting place to earn some free crypto.  In fact, there are a lot of opportunities if you know where to find them, so in this article, I’m going...

Binance Busts Baddies...But Who's REALLY on Their Side? The Global Crypto Crackdown You NEED to Know About

21 May 2024 1 minute read 0 comments Cryptofab

We've all heard the news: Binance is teaming up with some countries in Asia to take down some major crypto criminals. Sounds great, right? But it got me thinking...what does this REALLY mean for the future of crypto, and more importantly, where do di...

The Inspirational Fictional Story of a Stay-at-Home Dad Who Gained From BNB Coin, BlockDAG's Presale Success & Possibly Significant ROI

27 Apr 2024 2 minute read 3 comments Raghav Sawhney

The narrative of everyday people transforming modest sums into vast fortunes captures our imagination. It serves as a testament to the potential that lies within markets ripe with opportunity, like cryptocurrency.  This fictional story highlights a s...

The cryptomarket updates and the BTC road ahead!

4 May 2024 2 minute read 0 comments HiRaj

Dear Readers,  As expected, the crypto markets witnessed a sharp fall post the Ex Binance CEO, CZ's imprisonment for 4 months and we have covered a detailed article earlier. Eventhough it is considered as a very short sentence, it is to be understood...