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.

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...

Withdraw Crypto from Publish0x to Binance

15 Nov 2023 5 minute read 18 comments cryptogod-1

Good day everyone, I hope you are all well and had an excellent week, welcome to CryptoGod-1’s blog on all things crypto. With the recent change on Publish0x to the Optimism Network, I thought it may be beneficial to create a post regarding withdrawi...

TOP 5 Coins & Tokens Ever Launched On Binance Launchpad

14 Nov 2023 3 minute read 12 comments Cryptonator`s

If you have been in the cryptocurrency space for some time, you are likely aware that Binance Launchpad presales offer a great opportunity to make a quick profit. Let's take a look at the Top 5 projects ever launched on Binance Launchpad.   What is B...

Life after Binance Part A

26 Nov 2023 8 minute read 16 comments Feax21

Introduction Is there Life After Death? That was always a huge question of the humanity since the Prehistoric Ages and the modern religions such as Christianity, Hinduism or Islam provided the HOPE that when the "Body" rottens, the "Spirit" or the "...

Interview: Binance CEO Changpeng Zhao (CZ)

12 Aug 2020 1 minute read 73 comments boxmining

CZ needs little introduction - he's the CEO of Binance exchange, the biggest crypto exchange in the world. We're having a live discussion with CZ about the recent develops in the cryptocurrency space, including the rise of Decentralized Finance (DeFi...

Forget Blackrock: These Crypto Trends Are the Real Deal

12 Nov 2023 1 minute read 2 comments Cryptofab

As you may have noticed, the crypto world is always changing, with new trends popping up all the time. While Blackrock has been making waves with its recent crypto ventures, there are many other trends worth keeping an eye on in 2024. 1. Trust is Eve...

$4.3B Settlement With the DOJ. CZ Pleads Guilty and Steps Down. All You Need to Know About the Fall of the Latest Strong Man of the Previous Bull Market and the Consequences for the Market.

22 Nov 2023 8 minute read 6 comments ssaurel

The Binance case has caused quite a stir in the cryptocurrency world in recent hours. It concludes with a settlement between Binance and the DOJ. Binance will pay $4.3 billion to put an end to the lawsuits against the company. Binance founder and CEO...

Bitcoin is a Constant in a World of Drama

23 Nov 2023 2 minute read 1 comment ulriklykke

The last week has been filled with more management drama than I can remember for any individual week.  Most notably with the back-and-forth between OpenAI and Sam Altman, who first got fired and later re-hired.  The crypto economy faced drama of its...

Can Trading Bots Make You Rich?

7 Nov 2023 1 minute read 17 comments Cryptofab

I recently read an article about Binance trading bots and was intrigued by the possibilities. The article explained how these bots can automate crypto trading based on preset parameters, providing benefits like 24/7 operation and emotion-free trading...

Which Exchanges Are Benefiting from Binance's Legal Woes?

29 Nov 2023 1 minute read 2 comments Cryptofab

Despite the cheery blog post from Binance's new CEO, CZ's legal troubles continue to cast a shadow over the cryptocurrency exchange. As reported by Cryptopotato, over $1 billion has been withdrawn from Binance in the wake of CZ's guilty plea. So, whe...