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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.


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...

Interview: Binance CEO Changpeng Zhao (CZ)

12 Aug 2020 1 minute read 137 comments boxmining

CZ needs little introduction - he's the CEO of Binance exchange, the biggest crypto exchange in the world. We're having a live discussion with CZ about the recent develops in the cryptocurrency space, including the rise of Decentralized Finance (DeFi...

Best Crypto Futures Trading Platforms (2024)

30 Apr 2024 2 minute read 0 comments Crypto4light

Best Crypto Futures Trading Platforms An in-depth review of the top 5 centralized and decentralized crypto futures trading platforms. Perfect for derivatives traders looking too long, short, and hedge their portfolios with perpetual contracts. As th...

Pump.fun funny exploit today

16 May 2024 1 minute read 0 comments Ticktalker

The crypto world is an ever interesting rollercoaster, let me share with your an exploit that happened today   Pump.fun was the victim   A Solana wallet was buying all tokens on Pumpfun within minutes to fill bonding curve to 100% and dumping it imme...

The TOP 3 Features On Binance That I Am Constantly Using

10 Dec 2023 3 minute read 146 comments Cryptonator`s

Binance is the largest cryptocurrency exchange and offers a range of features. For a new user, navigating through these services can be overwhelming.  I began trading on Binance back in 2019, and there are a few features that I have found to be parti...

What is Binance Smart Chain?

8 Dec 2023 5 minute read 203 comments Guarda Wallet

Detailed explanation of Binance Smart Chain In fact, BSC is an alternative to Ethereum: both are blockchains that move synchronously: all applications created on ETH are potentially compatible with BSC. If ETH has such high fees (commissions), it is...

Coinbase Vs. Binance: Which Crypto Exchange Platform is Better

19 May 2024 6 minute read 0 comments MicaR

Binance was launched in 2017 and within 6 months, the exchange platform became the number one crypto exchange company in the world. Binance has a presence in over 140 countries, none of the existing decentralized exchanges or centralized exchanges ha...

Binance Collaborates with Kazakh Government Agencies to Launch Nationwide Blockchain Education Program

15 hours ago 1 minute read 0 comments Ekonomistpanda

Hi guys, I'm back after a long time. I read a lot during my time away from here. I did research and even set up a new website :) I will share it with you when it is completed. We will dive into blockchain developments in the Turkish world together. T...

CZ imprisonment saw a massive blow to the cryptomarket!

1 May 2024 1 minute read 0 comments HiRaj

Dear Readers, The much awaited and most anticipated news has out in the crypto world. Yes, the Binance Founder and Ex- CEO, Changpen Zhao who is popularly known as CZ is jailed for 4 months.  He has accused of money laundering charges even though the...

Don't want to pay for your NFTs? I've got you covered!

6 hours ago 1 minute read 0 comments Cryptofab

As mentioned in my post of yesterday, you can get a Cristiano Ronaldo NFT on Binance here: https://s.binance.com/yNe1wOKo However, you need to buy them, for example with Binance Pay. And maybe you don't want to pay for NFTs... So, I've found a better...