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.

Binance: A polished exterior, a reality less so?

22 Jan 2024 1 minute read 0 comments Cryptofab

To maintain its carefully crafted image, Binance has embraced a Disney-esque PR strategy, highlighting its dedication to its employees and the crypto community. But is this façade convincing anyone? Binance's latest PR blitz paints a picture of a com...

Is there disinfo in crypto? You can bet your last sat there is!

21 Jan 2024 2 minute read 3 comments Kovichni

And I'm not talking about fake info, fake moon coins or cringetubers trying to lure their audience into rug pulls, we all know those exist. I'm talking about shameless mainstream media reporting about crypto and exchanges. But let's first clear thing...

Post CZ Binance is still popular

20 Jan 2024 1 minute read 4 comments Yugocean

     Binance's popularity has increased despite the heavy panelty it faced in the US and CZ's resignation.    Bankrupt firms moving assets to Binance       Different firms which are going through bankruptcy liquidation, are shifting their assets to...

Crypto Startup Ideas: Pioneering Tomorrow's Innovations

19 Jan 2024 1 minute read 0 comments CryptoHott

Venturing into the world of crypto startups? Here are some exclusive ideas to kickstart your entrepreneurial journey: Decentralized Finance (DeFi) Oasis:Establish a platform for decentralized lending, borrowing, and trading. Elevate the experience w...

Binance launchpool launches AltLayer

19 Jan 2024 1 minute read 0 comments Yugocean

     Binance has released Altair (ALT) on its Launchpool, $ALT is the native token of AltLayer .   What is AltLayer (ALT)?      AltLayer is a protocol for native and restacked rollups that promises to improve security, decentralisation, interoperab...

Binance is on fire with these launchpools

18 Jan 2024 1 minute read 0 comments LeftFooted

After Manta, which ended a few hours ago, Binance is doing another launchpool with a new coin called AltLayer (ALT). Altlayer is a platform designed to launch new rollups as well as torestake Optimistic and ZK Rollsups. So far, AltLayer has garnere...

Keeping it Real in Crypto: A Quick Guide to Trusting Your Gut

17 Jan 2024 1 minute read 1 comment CryptoHott

Hey crypto enthusiasts! Let's talk about why it's crucial to stick to your guns in the crypto jungle. Here's a quick guide that feels like a heart-to-heart on resisting outside influences and staying true to your crypto opinions: 1. Trust Your Instin...

Tusd at $ 0.97, lost the Peg towards the dollar

17 Jan 2024 1 minute read 0 comments KMatt

The Stablecoin Trueusd (Tusd) has lost its $ 1 PEG against the US dollar on January 16, 2024, going down to a minimum of $ 0.97, and then settles at $ 0.99. This event is attributed to a series of factors, including the Binance focus on the Fdusd Sta...

Maximizing Your Crypto Wealth: A Simple Guide

16 Jan 2024 1 minute read 0 comments CryptoHott

Entering the crypto world? Whether you're a seasoned trader or a newbie, boost your financial game with these easy steps: Spread the Wealth: Don't put all your money in one crypto. Diversify to lower risks. Stay Updated: Things change fast in crypto....

Binance Launchpool - The modular L2 for ZK applications MANTA farming is going live

16 Jan 2024 1 minute read 0 comments Behiver

Whether it feels like the bull run is around the corner or not, the Binance Launchpool simply keeps on giving with recurring opportunities in the form of new projects launched. December 2023 brought ACE and NFP cryptocurrency projects, while we are j...