Sirwin
Sirwin

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 Halving Horizons: Bitcoin Odyssey Or Waste Of Time?

4 Mar 2024 1 minute read 1 comment Cryptofab

I read today a blog post about Binance Halving Horizons. It feels like the whole crypto world is buzzing about the coming Bitcoin Halving in April. Everyone's talking about how it could be a major turning point for the market, and Binance is throwing...

Nigeria is trying to become the second USA on Binance

4 Mar 2024 1 minute read 2 comments Yugocean

Nigeria is trying to become the second USA on Binance   House Call for Richard Teng      The Nigerian House of Representatives Committee on Financial Crimes has given Binance CEO Richard Teng an ultimatum to appear before the committee by March 4, 20...

BINANCE NEW LISTING: Navigating the Hype with PORTAL

2 Mar 2024 2 minute read 4 comments PressF

Welcome to SatiricalSatoshi, your one-stop-shop for diving deep into the rabbit hole of meme coins, where logic meets lunacy, and finance frolics freely with memes. Today, we embark on an exhilarating expedition into the latest entrant in the meme co...

BINANCE REMOVES NAIRA FROM ITS PEER-TO-PEER MARKET AMID CLAPDOWN BY NIGERIA GOVERNMENT

2 Mar 2024 1 minute read 0 comments Austine_solid

BINANCE REMOVES NAIRA FROM ITS PEER-TO-PEER MARKET AMID CLAPDOWN BY NIGERIA GOVERNMENT. BINANCE is still operational in Nigeria despite the CLAPDOWN by Nigeria government, the feature known as p2p market, allows users,buyers and sellers to transact w...

NIGERIA GOVERNMENT ARRESTS TWO BINANCE OFICIALS AMID CRYPTO CLAPDOWN.

1 Mar 2024 1 minute read 1 comment Austine_solid

NIGERIA GOVERNMENT ARRESTS TWO BINANCE OFICIALS AMID CRYPTO CLAPDOWN. According to Financial times on Wednesday, the executives flew to the Nigeria but had their passports seized by the Office of the National Security Adviser. According to the repor...

Binance Under Fire: Nigerian Authorities Detain Executives in Escalating Crypto Investigation

1 Mar 2024 1 minute read 5 comments ZeroRequiem

On February 26th, Nigeria's Department of State Security detained two senior executives of Binance as part of investigations into the crypto exchange's operations in the country.  The two executives had their passports seized and were quickly arreste...

Binance Learn & Earn: Free RDNT Crypto by Completing Courses & Quizzes!

29 Feb 2024 1 minute read 0 comments Crypto Park YT

Binance Learn and Earn Radiant (RDNT) Quiz. This is a quiz that tests your knowledge of Radiant's features and benefits, and rewards you with RDNT tokens if you answer correctly. The quiz consists of eight questions, each with four possible answers....

Binance's Pet Giveaway and other news

28 Feb 2024 1 minute read 0 comments Yugocean

Binance Pet Giveaway   BinanceCat vs BinanceDog giveaway is back      Binance's giveaway offer of sharing a photo of your pet dog or cat with Binance Elements is back with a higher prize pool. But people are sharing stupid posts, making it a comedy s...

How and Where to Buy BNB Without Binance

27 Feb 2024 4 minute read 5 comments Guarda Wallet

BNB is issued by Binance, and one of the benefits of holding the coins is that it entitles holders to a discount on trading fees on the Binance exchange. However, many crypto enthusiasts opt for other platforms, even though Binance is the most popula...

Multiple Ways to Earn in Binance

27 Feb 2024 2 minute read 3 comments Mando on Crypto

Are you looking for ways to make money from crypto? Do you want to learn how to use one of the world’s leading crypto exchanges? If so, we will show you multiple ways to earn money in Binance, the platform that offers everything you need to buy, sell...