Sirwin
Sirwin

Binance Coin (BNB)

6,947 Articles 93,520 Followers

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.


Swapping Crypto On zkSync With Maverick

10 Apr 2024 2 minute read 2 comments PVM

I discovered Maverick after Binance added $MAV farming as a launchpool, and done a little research about the project. Maverick is a composable DEX that enables LP to achieve high capital efficiency through different strategies. I farmed 5 $MAV and so...

The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit

5 hours ago 1 minute read 1 comment Cryptonator`s

Let's take a look at the latest investment made by Binance Labs Fund, the investment arm of the popular cryptocurrency exchange Binance. If Binance invests in something then it could also be a good investment for us, with the potential for a Binance...

How to Earn TIA with Keplr Wallet and Stride

10 Apr 2024 1 minute read 0 comments Cryptofab

I recently made a YouTube video (link: https://www.youtube.com/watch?v=d9r7kGEEPoI) to show you a simple way to earn TIA tokens by using Keplr wallet and Stride protocol. TIA is the token of the Celestia blockchain, a modular blockchain that is used...

SAGA On Binance Launchpool - Sell Or HODL?

4 Apr 2024 1 minute read 13 comments Cryptonator`s

Binance has just announced the next project for Binance Launchpool. Starting on the 5th of April, you can farm $SAGA by staking $BNB and $FDUSD in two separate pools. Here are my thoughts on the latest Launchpool project. The New Launchpool Model I...

The TOP 3 Features On Binance That I Am Constantly Using

10 Dec 2023 3 minute read 146 comments Cryptonator`s

Binance is the largest cryptocurrency exchange and offers a range of features. For a new user, navigating through these services can be overwhelming.  I began trading on Binance back in 2019, and there are a few features that I have found to be parti...

My OpenFabric Achievements And Perpetual $OFN Staking

24 Mar 2024 2 minute read 0 comments PVM

Over the past decade, artificial intelligence has promised to reshape our society in many unique ways through a new technological revolution, and the impetus created by innovations like self-driving cars, real-time voice assistants, and other simila...

Can Solana Survive?

30 Dec 2022 1 minute read 6 comments Cryptofab

Technically, Solana (SOL) might be heading towards $5 or less. However, fundamentally, Solana blockchain offers key advantages: Solana network is more decentralized than other blockchains like Polygon (MATIC), Fantom (FTM) or BNB chain, according to...

Is Crypto About to Be Run by Women?

6 Apr 2024 1 minute read 1 comment Cryptofab

I recently read in a blog post that Binance is on a mission to get WAY more women involved in crypto, blockchain, and this whole Web3 thing. Now, I'm not gonna lie, this surprised me. Crypto feels like a total boys' club, you know? But then I started...

Which Crypto Card Offers the Best Cashback?

10 Apr 2024 1 minute read 2 comments Cryptofab

Let me tell you, the world of crypto cards can be a real rabbit hole. I already spent a few years trying out different options, each promising the best cashback deals and hottest perks. I experimented with Crypto.com, Coinbase, Binance (which disappe...

Hive has its own How-To-Buy-Hive on the Binance exchange

8 Apr 2024 1 minute read 0 comments Behiver

For sure Hive needs more representation on Crypto Exchanges, but at least we are quite present on Binance. And as I am doing there some of my trading, I've happily discovered that there is a How To Buy page about Hive on the Binance exchange. This is...