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.

Which DeFi investments are Making Me Money: First Round-Up of 2024 — Red King Crypto

24 Jan 2024 3 minute read 2 comments Red King

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Hodl & Earn: Stake ETH to Share 45,000 HOOK in Simple Earn Locked Products and Get an iPhone 15!

24 Jan 2024 1 minute read 0 comments Sermion

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"Binance Attempts To Toss Out SEC Allegations". Binance Vs SEC Face Off In The Court

23 Jan 2024 3 minute read 4 comments Coins Reporter

In an attempt to defend Binance's last major legal obstacle in the United States, in a D.C. Court yesterday, Binance Lawyers strongly augmented for a complete 'toss out' of SEC allegations on Binance and its former CEO Changpeng Zhao. However this tu...

How To Make $100 with Binance WOTD

23 Jan 2024 1 minute read 5 comments Cryptofab

In today's crypto world, it's hard to find a way to make money with no risk at all. But I've found it! It's called Binance WOTD, and it's a simple game that can actually earn you some serious cash. WOTD stands for "Word of the Day," and it's a daily...

BINANCE FUD: Philippines SEC banning Binance. What’s my strategy?

22 Jan 2024 2 minute read 1 comment supamaku

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A Guide to Binance's Launchpool for Token Farming (AltLayer)

22 Jan 2024 2 minute read 0 comments Sermion

In this piece, I'll be revealing one of the most effective ways to acquire native tokens of exciting new projects just before their launch with ease! Are you familiar with Launchpool? Alright, let me introduce you to the crypto projects on Binance's...

Binance: A polished exterior, a reality less so?

22 Jan 2024 1 minute read 0 comments Cryptofab

To maintain its carefully crafted image, Binance has embraced a Disney-esque PR strategy, highlighting its dedication to its employees and the crypto community. But is this façade convincing anyone? Binance's latest PR blitz paints a picture of a com...

Post CZ Binance is still popular

20 Jan 2024 1 minute read 4 comments Yugocean

     Binance's popularity has increased despite the heavy panelty it faced in the US and CZ's resignation.    Bankrupt firms moving assets to Binance       Different firms which are going through bankruptcy liquidation, are shifting their assets to...

Crypto Startup Ideas: Pioneering Tomorrow's Innovations

19 Jan 2024 1 minute read 0 comments CryptoHott

Venturing into the world of crypto startups? Here are some exclusive ideas to kickstart your entrepreneurial journey: Decentralized Finance (DeFi) Oasis:Establish a platform for decentralized lending, borrowing, and trading. Elevate the experience w...