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.

Binance announced a permanent contract for XLM

5 days ago 1 minute read Blockchain $0.20 tipped

The latest information I received today on January 19, 2020 about Binance will launch a permanent contract signing for XLM / USDT and the open trade was announced at 3pm (  hours in my country )   on January 20. / 2020. Over the past few weeks, Binan...

Crypto Earn - Comparison (Updated 18 Jan 2020)

6 days ago 1 minute read tcss007 $0.19 tipped

Earning cryptocurrency interest via staking, lending, etc is gaining increasing popularity, especially among HOLDers. More and more platforms are providing such option as part of the overall service offering. In my first attempt to do a comparison of...

Digital Collectors are waking up

6 days ago 1 minute read favicon $0.15 tipped

Earlier today, OpenSea twittered yet another record sale of Binance's NFT "EXCHANGE THE WORLD 2019". The token sold for 29.8 ETH ~$5200, which is incredible. As of now, there is only one token for sale, and it comes with a 50 ETH price tag. EXCHANGE...

Binance Investments: This time the exchange Targeted the startup Numbers from Taiwan.

2 days ago 1 minute read alberdioni8406 $0.15 tipped

In one more Investment secured the Exchange commanded by CZ, Invested an undisclosed sum on the Numbers, a Taiwanese Startup that monetize private data. The startup funded by Binance is also partnered with IBM, HTC Exodus department among others and...

Massive Burn take out of circulation 2,216,888 BNB Coins worth $38 Million.

5 days ago 1 minute read alberdioni8406 $0.15 tipped

The most Largest exchange from the moment Binance, based in the Malta Islands, took out of circulation exactly 2,216,888 Binance Coin BNB worth $38 million from the market. This operation was conducted today and, was the second more valuable burning...

Binance Enrolls merchants program

2 days ago 1 minute read CryptoArgha $0.12 tipped

World largest crypto currency exchange binance launched their peer to peer merchants program Recently the platform launched with full forces and started it services Binance peer to peer merchants program will connect merchants fromall over the world...

Altcoins: May the bull run be with you!

1 week ago 3 minute read cryptovato1 $0.14 tipped

I recognize that I borrowed the title phrase from Star Wars. In the early 2019 we have seen sluggish sideway market in January and first part of February, then Altcoin’s wave started – peaking between April and June, depending  on each crypto. Bitcoi...

Cryptos Bulls Vs Bears Today 21/01/2020

3 days ago 1 minute read Danoskie $0.10 tipped

Hello peeps,How are you doing today?It's another day on Cryptos Bulls Vs Bears For today, I have more cryptos bulls than bears even though soo many are going down bit by bit.Below are some cryptos that made my list today for the Bulls Vs Bears game.T...

Binance will continue to oversee the Japanese market through strategic partnerships, confirmation from the CEO of the cryptocurrency exchange

6 days ago 1 minute read Roberto D. $0.09 tipped

We had already talked about it HERE, following an initial official communication, today the issue has become clearer, as always happens after each speech by Changpeng Zhao (the CEO of Binance); however, let's pick up the thread from the beginning, in...

Binance Whales cause Bitcoin price to drop to $8600 in just 5 minutes

4 days ago 1 minute read $0.08 tipped

The price value of the world’s leading digital currency Bitcoin has dropped again. This sudden drop was caused by Binance whales. Bitcoin value decreased from $9150 from $8600 within the duration of just five minutes and lost almost $180 million duri...