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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.

Crypto Exchanges Unveiled: From Binance to NavExM, Which is the Best Fit for You?

13 Mar 2023 1 minute read 0 comments xbladex

    Get ready to learn about the best centralized cryptocurrency exchanges (CEX) in the market, and don't worry, i promise to make it fun. We'll cover everything you need to know about Binance, Coinbase, Kraken, and Huobi, so you can make an informe...

Is Binance US Win To Acquire Voyager Digital's Assets A Win In Cryptocurrency and DeFi

8 Mar 2023 1 minute read 0 comments stbrians

It is all in the news and I think Binance US is in the celebration mood.  The court awarded them the Rights to acquire Voyager Digital's Assets in the Southern District of New York Court.  While passing my congratulatory note to Binance which is the...

Binance Tax Calculator

1 Mar 2023 4 minute read 0 comments cryptogod-1

Good day everyone, I hope you are all well and having a great day, welcome to CryptoGod-1's blog on all things crypto. Today I will be doing a write up about a feature I noticed on Binance and think is a very interesting addition, the Binance Tax Cal...

2023 will be the year of Crypto regulation.

14 Feb 2023 1 minute read 1 comment TwoDogsCaged

There has been many issues over the past few years regarding cryptocurrency and regulation. We are awaiting the SEC Ripple case to be settled. The SEC and Kraken recently settled with Kraken ceasing staking and paying 30 million in fines.  Today a re...

#32 M2E Financial Freedom - 4 November

5 Nov 2022 1 minute read 0 comments Baxpian

StepN Earned 35.25 gst worth 0.88$.   WalkWithStep Earned 0.000123 BNB worth 0.04$.   SweatCoin I don't know why it is separated on today and yesterday like that and why it is so low the amount of tokens is only 1.268 and worth 0.03$.   CoinApp E...

Bitcoin (BTC) Vs. Ethereum (ETH) - Goals & Trends

26 Jul 2022 2 minute read 2 comments Cryptofab

While some Bitcoin maximalists are saying they "will die on this hill", ChainLinkGod.eth proposes on Twitter to replace "DeFi" by "on-chain finance": “DeFi” is a poor term, should have been called “on-chain finance” Not every blockchain-based financ...

Binance Song Competition

29 Jun 2022 1 minute read 1 comment Yugocean

    Binance has been running a Twitter competition for songwriters. Starting on June 24, the contest is still being promoted and people are still being encouraged to enter it, it appears that Binance did not receive enough songs. The Competition   ...

Breaking News: Binance.US Users Can Now Stake Directly from Exchange

3 Jun 2022 1 minute read 0 comments 1securemf

Why This Matters Staking is a great way to generate passive income and Binance Coin (BNB) is the native coin of the best blockchain (BSC) for DeFi. However, staking BNB has been particularly difficult for American investors (who can only use Binance....

100 Good Reasons to Create an Account on Binance

4 Apr 2022 1 minute read 0 comments Lucasgaio

Binance has launched a new promotion for those who bring a friend to join! This is a $100 voucher that is given to those who subscribe to the exchange and also to those who are already registered (and bring a friend). It is therefore time to create a...

📢 Galaxy Blitz Game $MIT 👉 PlayToEarn strategy NFT game where you lead the descendants of humanity to forge a new empire!

21 Mar 2022 1 minute read 0 comments FreedomBuilder

  ✨ Gate,io Startup Free Offering Galaxy Blitz Game: 🎁 Total Reward : $100,000 worth of $MIT Tokens For 10.000 Random Participants. 👉 Visit Galaxy Blitz Airdrop Form & complete Social tasks.https...