Binance Coin (BNB)

6,872 Articles 90,605 Followers

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.

A Better Gaming Launchpad than Seedify?

22 Feb 2024 3 minute read 1 comment benn0xake

I decided that I couldn't keep this gem to myself, especially after seeing so many influencoors about to shill people into poverty yet again. If you're listening to Alex Becker, Elliotrades and these guys that have already made their fortune, you wil...

Back Test back test of my number 1 Strategy Double or Nothing with MACD and Cycle Timing!!!

27 Feb 2023 2 minute read 3 comments FreedomBuilder

My 3 key points in investing:- TP: after each double take half.- Stop Loss: there is no, it's quits or double.- The Entry Point is my biggest concern.   Buying is like breaking down a big wall, after preparing for the worst and the best.   Strategy,...

Cryptocurrencies and tokens - They are not the same

29 Dec 2022 4 minute read 4 comments CryptoEntrepreneurs

"In a world as liquid as 'crypto', the borders between 'token' and cryptocurrency are very blurred. The 'token' can be considered as the basic brick behind all digital transactions, from the simplest to the most complex, while cryptocurrency is a 'to...

Crypto Weekly Recap: Stellar, Circle, Binance, Trump and More (Feb. 18-24, 2024)

25 Feb 2024 5 minute read 0 comments MelegaSwap

The cryptocurrency market has maintained its bullish momentum this week, as Bitcoin's market capitalization remained above $1 trillion. Bitcoin (BTC) reached a new high for 2024, hitting $53,019 on Feb. 20, only to dip to $50,000 on some exchanges sh...

Introducing Portal, Binance's latest launchpool

21 Feb 2024 1 minute read 1 comment LeftFooted

Portal is a cross-chain gaming platform that's currently garnering funds with Binance launchpool. So far, Portal has received $29 million in funding, selling 33 percent of its total supply. The total supply is 1 billion Portal, and by the time the co...

Decentralization Among Proof of Stake Chains

20 Feb 2024 6 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

Why did Binance invest in Ethena Labs?

19 Feb 2024 1 minute read 1 comment KMatt

Ethena Labs is an innovative company that is revolutionizing the world of decentralized finance (DeFi) with its integrated yield stablecoin called USDe. What is USDe? USDe is a token pegged to the US dollar, specifically a delta-neutral synthetic dol...

How I Turned My Internet Bandwidth into a $2000 Passive Income!

17 Feb 2024 6 minute read 5 comments Cryptoindulgence

The advent of the internet has revolutionized the concept of money making; gone are the days when revenue can only be generated by conventional means of hard work and labour. Much similar to the concept of physical properties, digital assets represen...

The Most Crypto Friendly Countries

17 Feb 2024 1 minute read 3 comments Cryptofab

I recently read an interesting article from Binance about Switzerland's embrace of cryptocurrencies. As someone who's constantly dreaming of the next crypto frontier, it sparked a thought: Could this land of cheese and mountains be my future investme...

BEP2 vs. BEP20 - Difference Between Binance Chain and BNB Smart Chain

16 Feb 2024 4 minute read 3 comments Guarda Wallet

BEP2 and BEP20 are two different token standards used in the Binance Chain and Binance Smart Chain networks. The main difference is that BEP2 is a protocol used for native transactions on the Binance Chain. At the same time, BEP20 is a protocol used...