Binance News, BNB Price Predictions, Opinions and Analyses Created by Users

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.

3 coins I'm not selling for the next 2 years

2 Jan 2021 4 minute read 42 comments CryptoSorted

The next and biggest bull run has started. And I am of the opinion that a lot more crypto millionaires will emerge after this. Will you be one of them? If you're lucky (or should I say smart enough) to catch one or more of the "fastest horses", you m...

My Crypto Goal for 2021: Earning $10,000

16 Jan 2021 4 minute read 48 comments PVMihalache

#FinancialGoals2021 and the plan to earn $10,000 At the moment I am still doing my 2020 total income, which takes longer than expected due to so many “side quests” joined throughout the year. I will use my December Residual Income as a reference. My...

DeFi 2.0: The Second Wave (Binance Smart Chain)

16 Jan 2021 6 minute read 13 comments Mynima

Introduction I was listening to a podcast interview by Unchained of the well known on-chain Bitcoin analyst Willy Woo. While the bulk of the interview revolved around BTC toward the end they did touch on Ethereum and the DeFi sector and it's importan...

 BTC, ETH & BNB Price Outlook for Q1 2021 

7 Jan 2021 4 minute read 6 comments CryptoChartWizard91

It finally happened! The total market cap for the entire cryptocurrency market breached the magical $1 trillion threshold today, making it a day to put down in your diary to celebrate next year. The majority of the market cap is dominated by BTC, whi...

Ditto Money ... Like Ampleforth but on Binance Smart Chain

19 Jan 2021 2 minute read 26 comments PVMihalache

Some will say... oh no.. another elastic token.. but this is cool! Ladies and gentlemen ... I present Ditto Finance, the first elastic supply token on Binance Smart-Chain. When you open the website, is love at first sight, with a fresh, uncluttered...

Binance Launchpool added farming options for Bitcoin Standard Hashrate Token (BTCST)

12 Jan 2021 2 minute read 22 comments PVMihalache

Yesterday was "Red Monday", and after weeks of surge the prices went down. If you check the monthly charts, it wasn't so bad! Even if FAN tokens and Reef Finance can still be farmed, the Binance Launchpool added the 15th project. The Bitcoin Standar...

School boy error: A guide on how to lose $300 BUSD

21 Jan 2021 1 minute read 61 comments PVMihalache

Let's start with a question... guess who's been an idiot last night? Even if you are in the game for years, you can still do stupid mistakes in a split of a second. The crypto life is ruthless and cruel and has no sympathy for the weak. Least week I...

Creating, Staking and Trading NFTs on DEGO

17 Jan 2021 1 minute read 23 comments PVMihalache

My man MaddCryptoDogg gave me a crash course in DEGO, and introduced me to this world that gives rewards for staking NFTs. First impression was nice, as the dashboard looks like the one I had on my Pentium 3 (and it has Minesweeper as well). But what...

Onboarding Yourself Into Crypto Without Paypal or Coinbase

9 Jan 2021 3 minute read 11 comments AlucardLife

It's getting more difficult to move in and out of crypto from fiat. Government is trying to set itself up at the on and off ramps to steal your data for tax purposes. Government is also regulating any business that can be regulated, forcing them to c...

What is Reef Finance and the REEF token?

14 Jan 2021 2 minute read 33 comments PVMihalache

Reef Finance was introduced to the world through the Binance Launchpool. It was then when I had a quick glance at the project and decided to stop farming FAN tokens and move all-in into the REEF pools!   Binance added Reef Finance (REEF) as the 11th...