Sirwin
Sirwin

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.


BNB Chain: Innovations and Growth in 2024

24 Mar 2024 3 minute read 0 comments letssittt

Introduction It one can say that the BNB Chain (formerly called Binance Smart Chain) is the pioneer in this regard where it leads in the direction of blockchain innovations as well as improving efficiency. Moving into the year 2024, it can make a st...

BNB could hit a new all-time high. Here are three metrics that indicate this

24 Mar 2024 2 minute read 2 comments hashlytag

The price of the BNB token, created by the largest cryptocurrency exchange Binance, could surpass its all-time high price. Indeed, more and more metrics indicate that Binance will remain a major player in the crypto sector. Cryptocurrency BNB (forme...

Understanding xAlgo: Your Guide to Cross-Chain Governance

24 Mar 2024 1 minute read 0 comments Walerva

In the realm of decentralized finance (DeFi), innovation knows no bounds. One such groundbreaking advancement is xAlgo, an interest-bearing asset that revolutionizes governance across multiple blockchains. Let's delve into the intricacies of xAlgo, u...

Did I Just Waste All That Time DCA'ing My Crypto?

23 Mar 2024 1 minute read 3 comments Cryptofab

So I was just reading this super interesting blog post on Binance [click here for details] about Auto-Invest, which basically lets you set up automatic purchases of crypto at regular intervals (called DCA - Dollar Cost Averaging). It got me thinking...

Is Binance Auto-Invest Really Worth It? My Honest Experience

22 Mar 2024 1 minute read 1 comment Cryptofab

I've been recently diving into Binance's Auto-Invest. It seems too good to be true since it allows to invest in top cryptos without too much work. However… Is it really worth it? Here's what I found out. Binance's Auto-Invest lets you set up automati...

Is Cryptono Ronaldo The Best Ad for Crypto?

21 Mar 2024 1 minute read 2 comments Cryptofab

I see again a post from Binance about Cristiano Ronaldo... Or maybe Cryptono Ronaldo?... Just kidding. I would like to share my humble opinion on this topic. I do not think that's a good publicity for Binance, and for crypto more generally. It remind...

So Solana beat BNB in the ranks, here's the 💩 they delivered us

20 Mar 2024 1 minute read 3 comments Kovichni

At the time of ranting Solana already lost its spot to Binance again but that's not really the point. Well, it sort of is because when you gain value and users by sheer 💩, it is only a matter of time before that 💩 starts stinking and inevitably sta...

TABOO TOKEN (TABOO): The Sizzling Side of Crypto

20 Mar 2024 2 minute read 0 comments PressF

In the vast, eclectic world of cryptocurrency, where innovation meets internet culture at the speed of light, there exists a coin that's turning heads and raising eyebrows. Enter TABOO TOKEN (TABOO), the memecoin that dares to tread where few others...

Binance User Assets Hit $100 Billion - Should I Trust Them?

20 Mar 2024 1 minute read 1 comment Cryptofab

I recently saw some news that Binance now holds over $100 billion in user assets. That's a huge number, and it sounds pretty impressive. But honestly, it also makes me a little nervous. Here's the thing: while Binance says they hold all user funds at...

BNB Chain: What We Should Know, Understand and Realize

19 Mar 2024 4 minute read 0 comments letssittt

Introduction BNB Chain, a decentralized blockchain based platform, has been shaking the last 12 months with a combo of novel solutions and huge ensured increase. Being a BNB Chain member entering 2024, we shall continue to advance the edges of blockc...