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.


Infinex: Will it be the Binance Killer? I'm joining the waitlist to find out (and maybe earn rewards!)

25 Apr 2024 1 minute read 0 comments Cryptofab

Note: If you're more of a visual learner, scroll down to the end of this post to watch my video for a deeper look at Infinex and its potential impact on the DeFi space. But for those who prefer to read, let's dive in! As a huge DeFi believer, I've be...

25 Apr: "Buy Bitcoin" Sign Sold

25 Apr 2024 3 minute read 0 comments TheCryptoCurator

"We must not allow other people's limited perceptions to define us." –Virginia Satir Powered by Wubits - better than X because it's real people, real connections, and real conversations. READ Welcome to Thursday Folks! Bitcoin is trading at $63,816 w...

3 Years in Prison for the Former CEO of Binance CZ

25 Apr 2024 2 minute read 0 comments Talha.Khalid

Prosecutors from the United States Department of Justice recommended to the court handling the case against the former CEO of Binance, Changpeng Zhao , that he sentence the businessman to 3 years in prison and not 18 months for the crimes he committe...

DoJ seeks 3-year sentence for Binance founder CZ

25 Apr 2024 1 minute read 4 comments Yugocean

DoJ seeks 3-year sentence for Binance founder CZ ० Court: Judge Richard A. Jones of the Western District of Washington is on Changpeng Zhao's (CZ) case. According to sources, CZ is set to be sentenced on April 30 in Seattle. ० DoJ Prosecutors: DoJ ea...

24 Apr: $ETH ETF Delayed; Again

24 Apr 2024 3 minute read 0 comments TheCryptoCurator

"It is better to know some of the questions than all of the answers." –James Thurber Powered by Wubits - better than X because it's real people, real connections, and real conversations.  READ Guess what day it is Folks? HUMPDAY! Bitcoin is trading f...

23 Apr: Demand > Supply

23 Apr 2024 2 minute read 2 comments TheCryptoCurator

"Either I will find a way, or I will make one." –Philip Sidney Powered by Wubits - don't pay to "Xweet," get paid to engage.  READ Happy Tuesday Folks! Bitcoin is trading up at $66,172 from yesterday at $65,904 and up from $62,800 last Tuesday. IMHO,...

22 Apr: Runes Fuel Bitcoin Miners Earnings

22 Apr 2024 2 minute read 0 comments TheCryptoCurator

"Absence sharpens love, presence strengthens it."-Thomas Fuller Powered by Wubits - don't pay to "Xweet," get paid to engage.  READ Happy Monday Folks! Bitcoin is trading up at $65,904 from over the weekend at $63,964 and flat from $66,604 a week ago...

Crypto Weekly Recap: Bitcoin Successfully Halves; Binance Launches Megadrop; Hong Kong Approves Crypto ETFs; and More (April 14-20, 2024)

21 Apr 2024 3 minute read 0 comments MelegaSwap

Bitcoin's recent fourth halving, which took place on April 19, has sparked anticipation of a potential price surge in the coming months. This event, combined with the emergence of spot Bitcoin exchange-traded funds (ETFs), has led to speculation abou...

Is Cross Margin on Binance the Magic Money Machine You've Been Looking For?

21 Apr 2024 1 minute read 0 comments Cryptofab

I saw a blog post buzzing about Binance opening up Portfolio Margin to regular users, and this whole cross margin thing has me scratching my head. Let's dive into it, because while it sounds tempting, there's a big chance it's not the shortcut to ric...

20 Apr: Week Recap

20 Apr 2024 2 minute read 0 comments TheCryptoCurator

"If you're trying to choose between two theories and one gives you an excuse for being lazy, the other one is probably right." –Paul Graham Powered by Wubits - better than X because it's real people, real connections, and real conversations. Happy Sa...