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 settles dispute with CFTC

20 Dec 2023 1 minute read 4 comments Yugocean

     Binance and CZ have reached a settlement with the CFTC, which has been approved by federal judge Manish Suresh Shah of the Northern District of Illinois.     A strict penalty      Binance will pay $2.7b under the settlement, this includes the r...

Binance World Championship: A $4.2 Million Prize Pool...But Is It Worth It?

6 Jun 2024 1 minute read 0 comments Cryptofab

Binance is making a big splash with their first-ever World Championship, promising over $4.2 million in rewards. As a crypto enthusiast, I'm always looking for opportunities to grow my holdings, but I can't help but be a little skeptical. They say it...

NFTs: Just A Digital Lottery Ticket?

30 May 2024 1 minute read 0 comments Cryptofab

So, I was reading this Binance post about the new Cristiano Ronaldo NFTs – you know, digital collectibles of Madeira, Lisbon, and Manchester, the places that shaped CR7 into the football legend he is today. And it got me thinking... are NFTs just a...

Crypto Weekly Recap: Bitcoin Successfully Halves; Binance Launches Megadrop; Hong Kong Approves Crypto ETFs; and More (April 14-20, 2024)

21 Apr 2024 3 minute read 0 comments MelegaSwap

Bitcoin's recent fourth halving, which took place on April 19, has sparked anticipation of a potential price surge in the coming months. This event, combined with the emergence of spot Bitcoin exchange-traded funds (ETFs), has led to speculation abou...

DEGEN: The Meme Coin that Could 100x Your Investment... or Rug You?

19 May 2024 1 minute read 2 comments Cryptofab

Alright, degens, gather 'round. I've been scrolling through CoinGecko, and this DEGEN token on Base caught my eye. It's giving me serious meme coin vibes, and we all know how those can explode. But is this one worth the risk? Let's dive in. What the...

SAGA On Binance Launchpool - Sell Or HODL?

4 Apr 2024 1 minute read 13 comments Cryptonator`s

Binance has just announced the next project for Binance Launchpool. Starting on the 5th of April, you can farm $SAGA by staking $BNB and $FDUSD in two separate pools. Here are my thoughts on the latest Launchpool project. The New Launchpool Model I...

Are Regulations Finally Going to Drop BNB from the Top-10??

2 Feb 2024 5 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Wizarre Announces Its Beta Game Release

17 Nov 2022 1 minute read 8 comments Publish0x PRs

Wizarre is pleased to reveal the officiall release of the Wizarre Beta game on November 18, 2022 and will close the access on November 25, 2022. With this Beta release, Wizarre’s introducing more playable features to the users at these early stages,...

Binance Exec Still Held in Nigeria

7 Jun 2024 3 minute read 0 comments cryptogod-1

Good day everybody, Welcome to CryptoGod-1's blog on all things crypto. In this post I will be looking at the continue holding of Binance executive Tigran Gambaryan in Nigeria and how U.S. lawmakers are fearful for his life.     Tigran Gambaryan A gr...

FC Dynamo Kyiv, to Become First Major Sports Team in the World to Sell its First NFT Event Tickets

25 May 2021 3 minute read 1 comment Cryptotexty

European FIFA football team ranked No. 1 in the Ukrainian Premier League, FC Dynamo Kyiv, is launching NFT ticketing for its 2021 season, powered by its blockchain partner Moonwalk. These tickets will be listed exclusively on Binance NFT Marketplace...