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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.

1BTC Project February Recap

28 Feb 2023 3 minute read 12 comments 1BTC Project

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6 Mar 2023 1 minute read 2 comments Ahmiey

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More Binance Staking and Farming Products No Longer Allowed By UK Users

6 Mar 2023 1 minute read 5 comments XTRM™

More Binance Staking and Farming Products No Longer Allowed By UK Users - Earlier in February 2023 Binance issued a statement that many of its staking products from the 'Earn' services, are no longer available to UK residents and users. Products such...

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22 Feb 2023 2 minute read 2 comments CryptoHott

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4 Mar 2023 1 minute read 2 comments damorf

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BTC Daily & Weekly Technical Analysis: Some Bearish & Bullish Signals / Let's Analyze the Pros VS Cons to see the weight!

4 Mar 2023 1 minute read 0 comments FreedomBuilder

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A Day With Actifit and Binance

23 Mar 2023 2 minute read 2 comments BlueFlipper

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20 Mar 2023 1 minute read 1 comment damorf

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Participation in the launch of Space ID token ID on Binance Launchpad

19 Mar 2023 1 minute read 0 comments geniuscryto

The Space ID token launch will take place on Binance Launchpad. This Web3 domain name protocol allows registration on the BNB Smart Chain and Arbitrum, offering similar functionality to Ethereum Name Service (ENS). If you want to participate in the l...