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.


Wizarre Announces Its Beta Game Release

17 Nov 2022 1 minute read 8 comments Publish0x PRs

Wizarre is pleased to reveal the officiall release of the Wizarre Beta game on November 18, 2022 and will close the access on November 25, 2022. With this Beta release, Wizarre’s introducing more playable features to the users at these early stages,...

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9 Nov 2022 3 minute read 10 comments PVMihalache

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22 Nov 2022 3 minute read 19 comments Cryptonator`s

When I signed up for Binance in 2019, it was like Coinbase, Kraken, or Gemini. In other words, Binance seemed to be an exchange like any other exchange. Well, this has changed dramatically over time and Binance has become the biggest player among cry...

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7 Nov 2022 7 minute read 8 comments StealthEX

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27 Nov 2022 5 minute read 16 comments PVMihalache

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FTX Collapse, Binance Takeover - The Two Big Lessons to Learn According to Changpeng Zhao.

9 Nov 2022 2 minute read 1 comment ssaurel

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13 Nov 2022 5 minute read 12 comments PVMihalache

What a week... what a year! How are we still mentally fit? ... and when I say "we" I mean all the multiple voices in my head. I am always worried when they are quiet... for sure they are planning something. Speaking about planning something ... it lo...

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11 Nov 2022 3 minute read 12 comments SimpleSwap

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10 Nov 2022 3 minute read 4 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

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FTX’s Bankruptcy Raises 6 Questions About the Future of the Cryptocurrency Industry.

13 Nov 2022 5 minute read 6 comments ssaurel

The collapse, in a matter of days, of FTX, one of the main players in the cryptocurrency market, and the surprise, then aborted, rescue attempt of Binance have confused investors and regulators. After the deflation of the bubble and the difficulties...