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.


Maverick $MAV Starts Trading On Binance - New Launchpool Strategy?

28 Jun 2023 1 minute read 6 comments Cryptonator`s

Today, Maverick $MAV spot trading starts on Binance and with it on several other cryptocurrency exchanges including KuCoin. It seems that Binance has changed its strategy for issuing new tokens via its Launchpool.   What Is Binance Launchpool? You c...

Bitcoin Halving now and other news

19 Apr 2024 1 minute read 0 comments Yugocean

Bitcoin Halving Now      The Bicoin halving is almost there, yet the price of Bitcoin is behaving strangely. After the halving, miners' earnings will be halved, and mining will become more difficult. Historically, there has been a significant increas...

Is Binance Still the King of Crypto Exchanges?

30 Mar 2024 1 minute read 0 comments Cryptofab

So I was scrolling through the news feed today and saw this announcement about Binance launching a giveaway for Easter (click here to learn more). They're practically giving away free crypto! But with all the excitement, it got me thinking... is Bina...

Infinex: Will it be the Binance Killer? I'm joining the waitlist to find out (and maybe earn rewards!)

25 Apr 2024 1 minute read 0 comments Cryptofab

Note: If you're more of a visual learner, scroll down to the end of this post to watch my video for a deeper look at Infinex and its potential impact on the DeFi space. But for those who prefer to read, let's dive in! As a huge DeFi believer, I've be...

$ETHFI On Binance Launchpool - Sell Or HODL?

13 Mar 2024 2 minute read 11 comments Cryptonator`s

This is how I prefer it. The old $AEVO Launchpool recently concluded, and a new Launchpool has already been revealed.  Let's check out Ether.Fi, the latest project to launch its token on Binance Launchpool, and if it is a good long-time investment. ...

24 Apr: $ETH ETF Delayed; Again

24 Apr 2024 3 minute read 0 comments TheCryptoCurator

"It is better to know some of the questions than all of the answers." –James Thurber Powered by Wubits - better than X because it's real people, real connections, and real conversations.  READ Guess what day it is Folks? HUMPDAY! Bitcoin is trading f...

The fishy aspect about the distribution of issued Matic tokens undertaken by the Polygon Foundation

9 Feb 2024 3 minute read 0 comments Greenchic

  So, in my last article  I talked about how token price declines happen because of huge quantities of token selling done by a few big token holders, yes you can call them whales. However, I wanted to talk about Polygon related Matic token issues. I...

Binance Coin will rise again and crush XRP for fundamental reasons

16 Jul 2023 1 minute read 16 comments Dave Sawyer

Cryptonauts, we love y'all!!   Thanks for shooting by!!  HIT it mighty watch army !!! There is ALWAYS a warmup funny somewhere !!! TLDR: ya, first ah ha ha ya gotta call obstructionist waffling and deliberate lack of clarity a STRATEGY, ah HAH HA HA...

99% of people will lose the crypto they hold on their own, says CZ of Binance

17 Dec 2022 2 minute read 15 comments ZeroRequiem

Hey Peeps!     Changpeng Zhao, more commonly known as CZ, is making the news again as he says "most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it". The moment happens as CZ is answering question...

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...