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.


Deposited Wrong to Okex? Guide to Get Coins Back

5 days ago 1 minute read kingscrown $2.24 tipped

Sometimes when doing deposits to exchanges you can do a mistake.. Ie send STEEM to SBD, send BTC to BCH or use wrong memo on a lot of things. Every exchange has different ways to operate that, but 99% times ends with KYC. Okex is an amazing spot, if...

WazirX and Binance making it easier for Indians to get into cryptos - Incredible!!

5 days ago 3 minute read Greenchic $1.66 tipped

  Last month’s exciting news for me was Indian crypto exchange WazirX’s acquisition by giant international exchange Binance. Both these exchanges are from where I acquire my cryptos which I generally store in Atomic wallet and Celsius Wallet(: … So,...

How Binance Gets Away with Whatever, Whenever

2 days ago 1 minute read Ivy Samboh $0.83 tipped

The only truly tangible aspect of the largest crypto exchange platform, Binance, is its CEO- Changpeng Zhao. Other than CZ and his large Twitter personality, the rest of the billion-dollar company is more or less a giant ghost.  Since its founding in...

13/12/2019 Price Update: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litcoin, OX(ZRX), STEEM, Steem Base Dollars (SBD), Basic Attention Token, Bitshare, DAI, XRP, EOS, Binance coin, Huobi token, Maker

1 day ago 1 minute read Danoskie $0.08 tipped

Hello,How is you day going?It's another edition of DAILY CRYPTOS PRICE UPDATE.Today: 13/12/2019For crypto's bears vs bulls, the market is now up with about 0.13%, causing great changes on almost all the coins in my list. I predicted this bull run yes...

Binance launches a new gateway for fiat and cryptocurrency currency exchanges dedicated to the Latin American market

1 day ago 1 minute read Roberto D. $0.01 tipped

That South America is one of the most important squares as regards the mass adoption of cryptocurrencies as payment systems is widely known, as it is commonly accepted that Binance is one of the most enterprising and far-sighted platforms on the mark...

Binance joined hands with Paxful to bring Bitcoin to the Masses.

1 day ago 1 minute read alberdioni8406 $0.08 tipped

The giant Cryptocurrency Exchange Binance and the Paxful, a peer-to-peer Platform partnered to let Binance users purchase Bitcoin direct from the Exchange using 10 more FIAT currencies (British Pounds, Nigerian Naira, Russian Ruble, European Euro, Co...

Binance supports latin American fiat gateways

1 day ago 1 minute read CryptoArgha $0.10 tipped

World's Largest cryptocurrency exchange (by volume) has interagated latin fiat gateways on the platform The malta based exchange will now support fiat deposits and withdrawal in major gateways from latin countries  According to one blog report by bin...

The Train Of Terror At The Matic!! We Are Being Manipulated!!

2 days ago 3 minute read andreaskanel $0.26 tipped

The incredible rally and the price collapse of 70% and what lessons investors should take in cryptos. The importance of research, the mistakes of "experts" and manipulation phenomena.     Cryptos. For others, the subject of dreams and other causes o...

12/12/2019 Price Update: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litcoin, OX(ZRX), STEEM, Steem Base Dollars (SBD), Basic Attention Token, Bitshare, DAI, XRP, EOS, Binance coin, Huobi token, Maker

2 days ago 1 minute read Danoskie $0.11 tipped

Hello, How is you day going?It's another edition of DAILY CRYPTOS PRICE UPDATE.Today: 12/12/2019For crypto's bears vs bulls, the market is now down causing great changes on almost all the coins in my list. What a day to remember 12/12. NB: The prices...

Why Binance Coin Is A So Strong CryptoCurrency -Utility Token XRP - BAT Basic Attention Token

3 days ago 1 minute read Digital Asset Thinker $0.21 tipped

Dear Crypto Friends of any Crypto, Behind this long title, I am going to give a vision which is not so widespread in the crypto space. BNB, for Binance Coin, is a Utility token , that was originally an ERC20 , based on Ethereum. Then the developers m...

Binance asking 0% fee over XTZ staking rewards. An issue?

5 days ago 2 minute read Allen Walters $0.46 tipped

Tezos is a smart contract platform. The Tezos' blockchain uses a PoS consensus mechanism called LPoS. Holders of XTZ can bake or delegate their coins and earn PoS rewards. People running a node, are called bakers. People who don't want to run a node,...

A quick history about CZ Changpeng Zhao to Binance BNB.

5 days ago 1 minute read Crypto Beeporter! $0.16 tipped

In early 2017, Binance held an ICO in July of the said year and it was founded by Chinese Entrepreneurs, investors, Businessman Changpeng Zhao or CZ.  CZ is a Chinese-Canadian business executive who owned the world's largest cryptocurrency exchange b...

The cryptocurrency binance exchange is ready to open an office in Turkey, in Istanbul

1 week ago 1 minute read Roberto D. $0.12 tipped

That Binance is the most innovative in the panorama of trading platforms and is always looking for new ways to grow is something quite known, what we did not expect, despite having become very active in the country, was the opening of a physical offi...