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 Is Launching Perpetual Contract for Basic Attention Token (BAT/USD) !!!

14 Feb 2020 1 minute read 1 comment Otek

Well known digital asset exchange Binance on Wednesday 12.02.2020 (yeah somehow i missed that info earlier) announced the launch of a new permanent contract product (BAT/USDT) by its future trading platform, Binance Futures, which came live in Septem...

Publish0x; My Valentine's Day Message

13 Feb 2020 1 minute read 0 comments Dominus1

  My love Publish0x, If not for you I would not know what true love really meant. I had never felt this inner peace; I could not be content with what I had. If not for you , I would never have the pleasures of being romantic. I had miss the bliss, th...

Binance Futures List BAT Exchange With Up to 50x Leverage

13 Feb 2020 1 minute read 0 comments Dominus1

World's largest Cryptocurrency exchange website, Binance has listed BAT on it Binance Futures exchange with up to 50x leverage. BAT (Basic Attention Token) became tradable today 13th February,2020 on Binance Futures. You can leverage your BAT from 1x...

BAT Now Available on Binance Futures With up to 50x Leverage

13 Feb 2020 1 minute read 0 comments CryptoSorted

You can now trade the Basic Attention Token (BAT) on Binance Futures with up to 50X leverage, effective today February 13, 2020. "Binance Futures will launch BAT/USDT perpetual contract, with trading opening at 2020/02/13 08:00 AM (UTC). Users will...

Binance Is Launching Perpetual Contract for VeChain (VET/USD) !!!

13 Feb 2020 1 minute read 0 comments Otek

Well known digital asset exchange Binance on Thursday 13.02.2020  announced the launch of a new permanent contract product (VET/USDT) by its future trading platform, Binance Futures, which came live in September 2019. In that way, VeChain join to oth...

Tezos (XTZ) is Up by 130% in Year to Date; Still, Crypto Analyst is “not going to FOMO”

13 Feb 2020 1 minute read 0 comments Tokenhell.com

Tezos has outshined most of the coins in the long-term bull run and declared as the top performer of the year 2020. Cryptocurrency is up 130% per year to date data while ranking at 10th position according to market cap. The coin is also included in t...

CoinGecko Podcast Ep. 4 - Interview with Aaron Gong, Director of Binance Futures

12 Feb 2020 1 minute read 6 comments CoinGecko

  In this episode, Bobby Ong, co-founder of CoinGecko is joined by Aaron Gong, Director of Binance Futures. Bobby interviewed Aaron on the story behind Binance Futures, features found in Binance Futures, as well as some of his thoughts and plans for...

New Stuff Added on Binance That You Should be Aware Of

12 Feb 2020 1 minute read 3 comments kingscrown

The fastest-growing in the world exchange - Binance added new stuff today and in the last days that I think every crypto trader should not miss. Weekly Altcoin Price Fluctuation Ranking They got aware many people dont get history or how to read chart...

Ripple May Repeat 2019 High of $0.508 as XRP/USD Daily Chart Shows Positive Signs

11 Feb 2020 1 minute read 4 comments Tokenhell.com

Being the world’s third-ranked digital currency Ripple has been outshining the world’s leading crypto asset Bitcoin since the beginning of this year as it has shown positive gains. A recent rally of Ripple has turned its daily price chart bullish and...

UK Financial Watchdog Bans the Adverts of Chinese Crypto Investment Firm in London Tube

11 Feb 2020 2 minute read 0 comments Tokenhell.com

The UK Financial Conduct Authority (FCA) puts ban on the adverts by the Chinese crypto investment firm. However, the Chinese-based firm reacted very reluctantly to the FCA action over the advertisement in the London Tube. The financial news site This...