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.


An honest review of the Binance Visa Card

10 Oct 2020 4 minute read 76 comments ProngsDark

The time has come once again for me to bash... ummm I mean to review a project. This time around I am going to take a look at the new Binance Visa card which I've been using for the past few weeks. Unfortunately, the card is only virtual and there's...

Interview: Binance CEO Changpeng Zhao (CZ)

12 Aug 2020 1 minute read 130 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...

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...

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...

The Binance Labs Investment Observer - Renzo Protocol

23 Feb 2024 2 minute read 2 comments Cryptonator`s

Recently, I published an article about "Five Potential Projects to Launch on Binance Launchpad and Binance Launchpool in 2024". The main idea behind this article was to check the projects that Binance Labs Fund, the investment division of Binance, ha...

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 simple earn giveaway

24 Feb 2024 1 minute read 0 comments Ticktalker

Hey anon Here is another free money coming your way. Binance simple earn just added a quiz for Pepe, they will distribute 700, 000 pepe to 50,000 simple earn users. All you have to do to participate is just answer the simple quiz so let me show you h...

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...

Are NFTs More Than Just Lottery Tickets?

26 Jan 2024 1 minute read 5 comments Cryptofab

The recent news about CR7 NFT holders winning a dinner with the Binance team and getting to train with Cristiano Ronaldo himself has got me thinking about the true utility of NFTs. While these are undoubtedly exciting perks, I believe that NFTs shoul...