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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.


$AEVO On Binance Launchpool - Sell Or HODL?

7 Mar 2024 1 minute read 7 comments Cryptonator`s

Binance has announced the 48th project on Binance Launchpool. Starting tomorrow, you can farm $AEVO tokens by staking $BNB and $FDUSD into two separate pools over five days. The project has also announced an airdrop of $AEVO tokens for early support...

How I Turned My Internet Bandwidth into a $2000 Passive Income!

17 Feb 2024 6 minute read 5 comments Cryptoindulgence

The advent of the internet has revolutionized the concept of money making; gone are the days when revenue can only be generated by conventional means of hard work and labour. Much similar to the concept of physical properties, digital assets represen...

How and Where to Buy BNB Without Binance

27 Feb 2024 4 minute read 5 comments Guarda Wallet

BNB is issued by Binance, and one of the benefits of holding the coins is that it entitles holders to a discount on trading fees on the Binance exchange. However, many crypto enthusiasts opt for other platforms, even though Binance is the most popula...

Can Solana Survive?

30 Dec 2022 1 minute read 6 comments Cryptofab

Technically, Solana (SOL) might be heading towards $5 or less. However, fundamentally, Solana blockchain offers key advantages: Solana network is more decentralized than other blockchains like Polygon (MATIC), Fantom (FTM) or BNB chain, according to...

Binance and Binance Labs parted ways and other news

16 Mar 2024 1 minute read 0 comments Yugocean

  Binance Labs is not Binance's arm      According to new reports, Binance Labs, known as Binance's venture capital and incubation arm, is actually not a part of Binance Group. Binance Labs has also admitted this on its website. I think Binance may h...

Pancake Swap - Migrating To VeCAKE For Extra Perks

18 Dec 2023 2 minute read 20 comments PVM

I used Pancake Swap since day one, farming in there soon after launch. I am still farming 3 years later, event if it is not what it was. The $CAKE token had a serious decline, even if PancakeSwap maintained the top DEX on BNB chain. You can still tra...

New $DOGE clone has a serious problem

6 Feb 2023 1 minute read 2 comments Aldeneer

Recently some people have found that Dingo Token is a potential scam after finding out that it has function allowing the project's owner to change trading fee up to almost 99% of the transaction value! Information about the token: It is currently som...

The Binance Labs Investment Observer - Renzo Protocol

23 Feb 2024 2 minute read 2 comments Cryptonator`s

Recently, I published an article about "Five Potential Projects to Launch on Binance Launchpad and Binance Launchpool in 2024". The main idea behind this article was to check the projects that Binance Labs Fund, the investment division of Binance, ha...

Kinza Finance - Confirmed Rewards For Early Supporters And Invested In By Binance

14 Dec 2023 2 minute read 33 comments Cryptonator`s

If you think that only big crypto projects can make you big money, then you're mistaken. In my experience, even smaller, less hyped projects can be quite rewarding, as recently with the $PYTH airdrop.  I believe that one of these potentially rewardin...

$4.3B Settlement With the DOJ. CZ Pleads Guilty and Steps Down. All You Need to Know About the Fall of the Latest Strong Man of the Previous Bull Market and the Consequences for the Market.

22 Nov 2023 8 minute read 6 comments ssaurel

The Binance case has caused quite a stir in the cryptocurrency world in recent hours. It concludes with a settlement between Binance and the DOJ. Binance will pay $4.3 billion to put an end to the lawsuits against the company. Binance founder and CEO...