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.


Soaring Up with the Launch of ENULS

8 Feb 2023 3 minute read 1 comment NULS

Mainnet Activation in 7 Days / 15th Feb 2023     We are excited to announce that the long-awaited ENULS mainnet will be officially launched on February 15th, 2023. NULS is an open-source public blockchain that has been developed and modified over th...

Knowing ENULS

24 Feb 2023 1 minute read 0 comments NULS

Obtain USDTN and participate in the ENULS DeFi Applications We announced our EVM- compatible layer2 network, ENULS, about 2 weeks ago, following the announcement of the first ENULS ecosystem Twitter Space. A few days after the mainnet activation, we...

SEC Delivers A Blow To Binance: What Will Happen With BNB and BUSD Now?

15 Feb 2023 2 minute read 3 comments SimpleSwap

U.S. Securities and Exchange Commission (SEC) recognized the BUSD stablecoin as an unregistered security. Based on this information, The New York State Department of Financial Services asked the emitent of this stablecoin PaxosTrust to stop minting B...

Second Half of January in 2023 / ENULS Main-net is Launching Shortly

1 Feb 2023 3 minute read 6 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Assisted NTC to process the latest Nerve network data package and transferred the data to nodes. Assisted NTC to optimiz...

Binance Crypto Debit Card – Is It Possible And How Can We Get It?

19 Jan 2023 3 minute read 8 comments SimpleSwap

Why use fiat when you can use your crypto for payments? Just imagine how cool it could be – paying with your debit card, which is directly connected to your crypto wallet, to buy coffee in Starbucks. Impossible? Nothing's impossible, and Binance deci...

How to Swap USDT From Multi-chains to NULS Network

12 Jan 2023 3 minute read 2 comments NULS

Today, stablecoins are mostly used for trading, lending, and borrowing crypto assets. They are a crucial facilitator of decentralized finance (DeFi) — financial services performed by applications on a permissionless blockchain. The demand in this ind...

Second Half of December in 2022 / NULS Roadmap 2023 Updated

2 Jan 2023 4 minute read 0 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Tested and Optimized the ENULS web browser. Conducted technical preparations for the launch of the ENULS mainnet. Restor...

Make your NULS work for you

11 Jan 2023 3 minute read 2 comments NULS

Three ways to make NULS constantly generate passive incomes   NULS, an open-source blockchain project, started its crypto journey in 2017, and has been listed on most industrial top-tier centralized exchanges since 2018. As the underlying token in NU...

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...

Is Binance Still Safe 100 Days After CZ Left?

11 Mar 2024 1 minute read 1 comment Cryptofab

I saw that today there is an online meetup with Binance new CEO, Richard Teng. Here is the link to join: https://s.binance.com/ENEjywRH Remember, CZ officially handed the reins over to him 100 days ago, but let's just say there's still a lot to unpac...