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.

“The first major attack by bribery”: Vitalik Buterin commented on “blockchain capture” by Steem

4 Jul 2020 2 minute read 0 comments lioha369

Steemit's decentralized blogging platform, which recently partnered with the Tron Foundation, leveraged the resources of leading crypto exchanges - Huobi, Binance, and Poloniex - to undo recent changes to the Steem blockchain. It is reported by The B...

Passive income with BAT, DAI, BTC and BNB: I found a way for all three!

4 Jul 2020 3 minute read 2 comments MadMaxx

Passive income is the most sought after thing by millennials today. It's simply when you make money without putting in any physical effort. It's more or less your money working instead of you. It sounds great and all, but how can you make passive inc...

Binance card is here!(Binance announces partnership with Swipe)

3 Jul 2020 1 minute read 2 comments MadMaxx

In possibly one of the biggest surprises in history, Binance has decided to partner with Swipe to launch its own debit card! Yes, the Binance card that I wrote an article on about 3 months ago is finally coming to real life. And it's going to be fun....

Stake Your Coins Without Parting With Them - Yes It's Possibe!

3 Jul 2020 2 minute read 5 comments Sapphire

The Risk Of Staking Whether we want to admit it or not, staking coins does incur a fair amount of risk as one has to trust a third party. Staking on an exchange like Binance is still a third party as they now have the controlling keys. Even staking i...

Building Passive Crypto Income Streams Is A Must!

2 Jul 2020 2 minute read 16 comments Sapphire

Passive Crypto Is Absolutely Essential Post 2020 I think passive income is the absolute dream to work towards and I think most people would agree with me. However, most people have no idea how to get started along the road to financial freedom. This...

Can Binance-Backed KAVA Unseat Ethereum-Backed MakerDAO As King Of DeFi?

2 Jul 2020 1 minute read 0 comments Crypto FROG

I do a deep dive on KAVA. It's a Binance and Huobi-backed DeFi lending & finance cryptocurrency project. Its market cap is 1/15 that of MakerDAO’s - its biggest competitor in the space. Does it have the chops to overthrow MKR as the BIG BOY in town?...

🗞 Daily Crypto News, July, 2nd 💰

2 Jul 2020 4 minute read 0 comments Crypto_Lemon

As Traditional Markets Rally, Bitcoin Gets Boring; Binance Security Report Sheds Light On Crypto Scams; Why Bitcoin Bulls Are Betting on Explosive Growth in India; 🔥 CryptoTwitter Emoji War is ON ! #BTC vs #CRO vs #BNB; Lebanese Pound Falls 50% in T...

Binance added BNB Hashflag on Twitter

2 Jul 2020 1 minute read 0 comments UjjwalAditya

Binance the largest crypto exchange by Volume has added BNB emoji on Twitter 🥳   Bitcoin is the First Cryptocurrency to get its emoji on Twitter. If you noticed or not whenever you write #️⃣ Bitcoin or BTC on Twitter then bitcoin emoji will add int...

🔥 CryptoTwitter Emoji War is ON ! #BTC vs #CRO vs #BNB

1 Jul 2020 1 minute read 3 comments Crypto_Lemon

Today is a big day for Cryptocurrencies and CryptoCompanies. I just found out that Bitcoin is not the only Crypto emoji available on Twitter anymore ! CZ from Binance tweeted about the #BNB Hashtag and his own Binance Coin Emoji ! Quite cool right?...

WinPlay x Zaigar Start the Games

1 Jul 2020 1 minute read 0 comments Crypto Universal

  Exchange takes the lead to publicize its cryptocurrencies   Recently launched by KuCoin, more than 1.9k participants for the competition of their tokens and promotion, launching their stars on the market, another attractive and convincing way to p...