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 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...

#BinanceFARMer Writing Contest and Giveaway: $1,000 in $iFARM Prizes!

12 Apr 2021 6 minute read 138 comments igort

It's time for another Harvest.Finance contest; this contest is similar to #CropSpotter contest, but #BinanceFARMer contest puts focus on farming the Harvest.Finance strategies on Binance Smart Chain, instead of those on the Ethereum network. This con...

The Crypto Watcher 2024 Challenge - Watch Me Earn What I Lost

3 Feb 2024 4 minute read 17 comments PVM

I already wrote about it, but that was only a little spoiler as the thing was still too fresh.  As you know... 2024 didn't started good for PVM, who's wallet got hacked twice and lost his crypto. Yes crypto bro.... PVM got "hacked" not once but twice...

Are Our Crypto Funds Safe in DeFi? Assessing Risks Like a Pro

6 Nov 2023 1 minute read 3 comments Cryptofab

Picture this: you're scrolling through Binance news, minding your own business, when you stumble upon a headline that sends shivers down your spine – "DNS attack against Frax Finance." Panic sets in as you rush to check your DeFi portfolio, only to d...

What is Binance Smart Chain?

8 Dec 2023 5 minute read 203 comments Guarda Wallet

Detailed explanation of Binance Smart Chain In fact, BSC is an alternative to Ethereum: both are blockchains that move synchronously: all applications created on ETH are potentially compatible with BSC. If ETH has such high fees (commissions), it is...

How to make money on DTUBE – Analysis and guide to start now

11 Feb 2024 1 minute read 1 comment Makingdigital

If we have something to thank for the birth of Web3, it is the number of ways we have to earn money. Anonymously and even in a decentralized manner. One of the apps that I like to use the most to upload my videos and make extra money is DTUBE. Earnin...

$PIXEL On Binance Launchpool - Sell Or HODL?

8 Feb 2024 2 minute read 7 comments Cryptonator`s

Binance has just announced its 46th project which will launch on Binance Launchpool. This time it is $PIXEL, the native token of the crypto game Pixels. As you already know from my previous post, I never miss out on any project on Binance Launchpool,...

Those are the coins to buy and NEVER sell

25 Feb 2024 1 minute read 1 comment Ariman

Hello dear readers! I started my crypto journey back in 2019 and I don't regret all the mistakes I made, because thanks to them I've learned a lot; and I'm writing here to share some tips with you 🚀🚀.Here are the coins you should absolutely hodl an...