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.

CZ and Binance played with fire but the end result is not as bad as it could have been

5 Dec 2023 4 minute read 3 comments Cje95

Rule Number One when it comes to business and finance, especially on a major international level is pretty simple... don't screw with the US Dollar. This includes anything that could be compared or correlated to the USD because I think it is safe to...

Who Replaced Changpeng Zhao as the Head of Binance?

1 Dec 2023 3 minute read 9 comments SimpleSwap

The end of November 2023 became a turning point in the history of the cryptocurrency world – on November 21, the head of the largest cryptocurrency exchange, Binance, took on all the accusations made by U.S. regulators. The company agreed to pay a fi...

How to Earn 1 BTC: From Aspiring Writer to Bitcoin Millionaire

3 Dec 2023 2 minute read 5 comments Cryptofab

I recently read that a writing contest was offering a grand prize of 1 BTC – a staggering sum that could transform anyone's financial life. As an avid writer myself, I couldn't help but wonder if this was my chance to break into the big leagues and s...

Interview: Binance CEO Changpeng Zhao (CZ)

12 Aug 2020 1 minute read 73 comments boxmining

CZ needs little introduction - he's the CEO of Binance exchange, the biggest crypto exchange in the world. We're having a live discussion with CZ about the recent develops in the cryptocurrency space, including the rise of Decentralized Finance (DeFi...

How Much You Can Earn with Crypto Writing Contests

2 Dec 2023 1 minute read 5 comments Cryptofab

I recently read an article about a content challenge that was offering a prize of 1 Bitcoin. I was immediately intrigued, as I've always been interested in the potential of cryptocurrency. I did some research and found that there are a number of cryp...

Coinbase growing outside the US after Binance news

2 Dec 2023 1 minute read 0 comments babesugarbunny

After Binance settled a multi-billion-dollar case with US regulators, we could observe a rise in market share for Coinbase. Something research bureau Kaiko picked up on. Following a $4.3 billion settlement between Binance and the US Department of Jus...

Are Our Crypto Funds Safe in DeFi? Assessing Risks Like a Pro

6 Nov 2023 1 minute read 2 comments Cryptofab

Picture this: you're scrolling through Binance news, minding your own business, when you stumble upon a headline that sends shivers down your spine – "DNS attack against Frax Finance." Panic sets in as you rush to check your DeFi portfolio, only to d...

Binance changes: support for BUSD will end in December

1 Dec 2023 1 minute read 0 comments MrBicci

  Binance changes: support for BUSD will end in December   Binance, the leading cryptocurrency exchange, has announced that as of December 15 2023, it will cease support for all Binance USD (BUSD) products due to Paxos discontinuing the mint of new c...

Which Exchanges Are Benefiting from Binance's Legal Woes?

29 Nov 2023 1 minute read 2 comments Cryptofab

Despite the cheery blog post from Binance's new CEO, CZ's legal troubles continue to cast a shadow over the cryptocurrency exchange. As reported by Cryptopotato, over $1 billion has been withdrawn from Binance in the wake of CZ's guilty plea. So, whe...

Have you moved your assets from Bittrex?

2 Dec 2023 2 minute read 0 comments Bala

In the last few years ever since I joined this crypto world, I have seen several good times and several bad times. Bittrex is one of the first exchanges from which I used to trade. It is now very sad to see them stop their services globally. This ann...