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.


Really Weird: Malta's Regulators Say Binance NOT Licensed to Offer Cryptocurrency Trading Services in Island Nation

23 Feb 2020 1 minute read 7 comments Omar Faridi

Yo, what's going on Binance? CZ, man what's up? First, as I reported for Crowdfund Insider awhile back, there had been reports surfacing that Binanc had been running huge OTC desks where it may have indirectly facilitated money laundering activities....

Harmony (ONE) - Good To Invest?

22 Feb 2020 2 minute read 6 comments paragism

Cover Image Source – Digitally modified by the author What is harmony?Harmony is an open infrastructure of future for 10B people. Its revolutionary open infrastructure provides high performance, low latency and low fee platform to power decentralized...

How to buy Binance Coin (BNB) on MyCointainer with Bitcoin (BTC)

22 Feb 2020 3 minute read 0 comments Chriss

MyCointainer goes beyond your ultimate automated Proof of Stake and Masternode coin staking platform, as it also serves as a gateway for everyone to buy Bitcoin with Fiat money (EUR, USD, YEN...) or exchange Bitcoin to a variety of available altcoins...

So what are these Flash Loans that can make you millions for few bucks ?

22 Feb 2020 1 minute read 1 comment kingscrown

I wrote lately how someone made over 1 million USD worth of ethereum exploiting flash loans in DeFi. Yet people under post despite description of the attack kept asking what are those flash loans. Here is best explanation i can come out with. You can...

Discussing Safepal With Veronica Wong

22 Feb 2020 1 minute read 5 comments Scott Cunningham

I recently had the chance to discuss SafePal with Veronica Wong who is the co-founder and CEO there. We cover the SafePal S1 wallet, their partnership with Binance, what SafePal is all about and where they’re headed. SafePal is a secure and user-frie...

Curate Bitcoin 02/21/2020 by dobobs

22 Feb 2020 5 minute read 0 comments dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Bitcoin News R...

Binance "Not Authorized" To Operate In Malta, Country's Financial Regulator Says

21 Feb 2020 1 minute read 0 comments Nek1dd

In what seems like a fairly interesting twist of events, the world's largest cryptocurrency exchange might find itself in a bit of trouble.  According to a recent report, Binance is not authorized by the Malta Financial Services Authority (MFSA) to o...

Binance platform: pausing withdrawals and deposits of ADA digital currency for this reason!

21 Feb 2020 1 minute read 3 comments Aldiwani

The famous Binance platform announced the temporary suspension of withdrawals and deposits of the ADA digital currency in preparation for the upgrade of the Cardano network. The Binance platform announcement confirmed its support for the upcoming upg...

Curate Bitcoin 02/20/2020 by dobobs

21 Feb 2020 5 minute read 0 comments dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Bitcoin News Ro...

Big BNB Deeps Today 20/02/2020

20 Feb 2020 1 minute read 0 comments Daniella Blog

  Hello peeps,How is your day going?Today's is another day for crypto currency investors.Most Binance coins are shitcoins which when invested in, makes more profit than some big boys cryptos.For example, when you use about a hundred dollars to buy a...