Sirwin
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.


Living together in Symbiosis - Finance, DeFi, Crypto, Symbiotes and Swaps

23 Mar 2022 3 minute read 20 comments PVM

The word "symbiosis" comes from Greek, meaning "living together". It covers the synergy between organism, biological interaction based on mutualistic agreement or parasitic. The two organisms, called symbionts, must be different. Symbiosis Finance is...

Who Replaced Changpeng Zhao as the Head of Binance?

1 Dec 2023 3 minute read 9 comments SimpleSwap

The end of November 2023 became a turning point in the history of the cryptocurrency world – on November 21, the head of the largest cryptocurrency exchange, Binance, took on all the accusations made by U.S. regulators. The company agreed to pay a fi...

Arkham (ARKM): Binance Launchpad (Thoughts and Analysis)

11 Jul 2023 5 minute read 3 comments bengy

  Oh, this has been a bit of an awkward week for Binance... with talk of TUSD and some "interesting" accounting going on. Sigh, I'm really hoping that it isn't going to be an FTX scale disaster. I know that there is likely some funny business going...

Binance Is Starting To Fire Warning Shots At Non-Developing Projects

13 May 2023 2 minute read 18 comments Cryptonator`s

"When Binance?" is one of the most important questions for any cryptocurrency project and its investors. However, some projects stop developing after being listed on Binance. Instead of directly delisting non-developing projects, Binance has started...

The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit

14 Apr 2024 1 minute read 6 comments Cryptonator`s

Let's take a look at the latest investment made by Binance Labs Fund, the investment arm of the popular cryptocurrency exchange Binance. If Binance invests in something then it could also be a good investment for us, with the potential for a Binance...

With Success Against Binance the SEC Thinks it Deserves Another Go With Ripple

2 Apr 2024 3 minute read 11 comments Cje95

Does anyone else remember the phrases "sometimes you just take the win and walk away" or "stop while you are ahead"? Sadly it appears that SEC Chairman Gary Gensler does not have a clue about this very idea. When they scored a settlement with Binance...

22 Apr: Runes Fuel Bitcoin Miners Earnings

22 Apr 2024 2 minute read 0 comments TheCryptoCurator

"Absence sharpens love, presence strengthens it."-Thomas Fuller Powered by Wubits - don't pay to "Xweet," get paid to engage.  READ Happy Monday Folks! Bitcoin is trading up at $65,904 from over the weekend at $63,964 and flat from $66,604 a week ago...

25 Apr: "Buy Bitcoin" Sign Sold

25 Apr 2024 3 minute read 0 comments TheCryptoCurator

"We must not allow other people's limited perceptions to define us." –Virginia Satir Powered by Wubits - better than X because it's real people, real connections, and real conversations. READ Welcome to Thursday Folks! Bitcoin is trading at $63,816 w...

A Comparative Analysis Of Binance And Kucoin

22 May 2023 5 minute read 22 comments Smoljanović

Binance and Kucoin Cryptocurrency exchanges play a pivotal role in the digital asset ecosystem, providing a platform for users to buy, sell, and trade cryptocurrencies.  Binance and Kucoin are two prominent names in this space, both offering a wide r...

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...