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.


Observations from the collapse of FTX

8 Nov 2022 5 minute read 5 comments Messin' With Cryptos

There has been a ton of information that’s come out in the past 24 hours that’s come out between the battle between FTX (Sam Bankman Fried) and Binance (CZ), and staying as objective as possible, there’s a ton of observations that I’ve been making fr...

The Saga Continues...

8 Nov 2022 4 minute read 1 comment clubby

The Demise of FTX? On November 8th, something strange was going on over at the exchange FTX. People began to speculate that the exchange was in serious trouble and rumors began to circulate that problems were on the horizon. CZ of Binance tweeted thi...

FTX: is a new Celsius coming?

8 Nov 2022 1 minute read 2 comments bitcoin_albert

In recent days, news has spread of serious problems with the FTX exchange due to rumors of possible insolvency. In December 2019 FTX began a partnership with Binance, which became FTX’s first external investor. In a recent tweet Changpeng Zhao, CEO...

Binance to adquire FTX

8 Nov 2022 1 minute read 0 comments D3v3l

After many speculations about the stability of his finances surfaced over the course of few hours, FTX declared that Binance would be buying the business. Changpeng Zhao's company signed a non-binding letter of intent to fully buy one of its biggest...

FTX vs Binance: An Interesting Twist Of Events

8 Nov 2022 1 minute read 2 comments Cryptoindulgence

The day started with gloomy news of FTX purportedly halting withdrawals, with on-chain data showing that the last outgoing transaction from FTX taking place at 6:37 am ET on Ethereum. Withdrawals on Solana and Tron seem to have stopped as well. FTT...

Hashflow (HFT) Launchpool on Binance

8 Nov 2022 4 minute read 2 comments bengy

  This Binance Launchpool caught me a bit off guard a few days back when the pool mining began. I had moved a large chunk of my BNB into locked staking as there hadn't been a Launchpool/Launchpad for most of this year... and having the BNB sitting i...

My Experience With MATIC3D

8 Nov 2022 2 minute read 0 comments The DeFi Prince

Welcome back to The Cronos Experience my friends! Today, I'll be telling you guys about my phenomenal experience with the MATIC3D contract on the Polygon blockchain. Despite being on Polygon however, this contract has been originally developed on Cro...

RUN DAY BLOG STEPN #07

7 Nov 2022 1 minute read 0 comments damorf

Welcome to all of you crypto walkers and runners! Today i have run running 20 min and 36 sec, at about 6 min / km, doing 3181 steps, covering 3.07 km. I used 4 energies. I received 32 GST and a level 2 box as a reward. To unlock the box I will have...

FTX and Binance Are Battling It Out Over FTT. A Prime Example of Why Understanding Token Distribution is Important!

7 Nov 2022 1 minute read 1 comment Michael @ CryptoEQ

  Binance C.E.O. Changpeng "CZ" Zhao reveals plan to sell $529 million of FTT holdings after rumored liquidity trouble from Sam Bankman-Fried's FTX exchange and Alameda Research. Centralization leads to a host of issues for digital assets. Learn more...

WARNING! FTX is transforming into Celsius 2.0

7 Nov 2022 6 minute read 9 comments Patch

This started a few days ago. The Whale Alert twitter account flagged a massive transaction of 22,999,999 $FTT, FTX´s own token, being moved in one transaction onto Binance. This of course led to mass speculation and a drop of roughly 10% in value for...