Sirwin
Sirwin

Binance Coin (BNB)

7,023 Articles 95,650 Followers

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.


Which blockchain is the best for DeFi?

10 Feb 2022 2 minute read 10 comments Cryptofab

There are so many blockchains currently that you may be lost. To choose the right blockchain, you have first to think about what you want to do with it. Blockchain developers are trying to overcome the blockchain trilemma, referring to the belief tha...

Sophia Sheth - No Second Chance

19 May 2024 1 minute read 0 comments Louky

🌟✨ Step into the neon-lit streets of nostalgia with Sophia Sheth enchanting synthwave journey, No Second Chance, from her debut album, "Stardust"! 🎶 Set to grace all major streaming platforms    Immerse yourself in the pulsating rhythms and...

It's all the rage

14 Jun 2023 1 minute read 0 comments Louky

Hey there, buddy! I know you've been itching to know what's up with Bitcoin's price in 2023. It's all the rage, and let's be honest, it can be a bit mind-boggling. But fear not, my friend, I'll break it down for you and spill the beans on a few ways...

Pump.fun funny exploit today

16 May 2024 1 minute read 0 comments Ticktalker

The crypto world is an ever interesting rollercoaster, let me share with your an exploit that happened today   Pump.fun was the victim   A Solana wallet was buying all tokens on Pumpfun within minutes to fill bonding curve to 100% and dumping it imme...

I Never Missed Out On Any Binance Launchpool 🚀 This Is The Trick You Need To Know

22 Jan 2024 2 minute read 12 comments Cryptonator`s

I've always found it worth farming new coins and tokens through Binance Launchpool. It's like getting free money and everyone loves that. Missing out on opportunities like this is not an option. Fortunately, I know a trick that I want to share with y...

Cryptocurrencies and tokens - They are not the same

29 Dec 2022 4 minute read 4 comments CryptoEntrepreneurs

"In a world as liquid as 'crypto', the borders between 'token' and cryptocurrency are very blurred. The 'token' can be considered as the basic brick behind all digital transactions, from the simplest to the most complex, while cryptocurrency is a 'to...

Prepare Yourself For The Arkham $ARKM Token Presale On Binance Launchpad!

10 Jul 2023 2 minute read 13 comments Cryptonator`s

Binance has just announced a new project that is doing a token presale on Binance Launchpad. This time Arkham $ARKM. Shall we explore the details of Arkham and gain a better understanding of the token sale procedure on Binance Launchpad?   What is A...

26 Apr: Big Whale Buy Coming?

26 Apr 2024 1 minute read 7 comments TheCryptoCurator

"Nobody who ever gave his best regretted it." –George Halas Powered by Wubits - better than X because it's real people, real connections, and real conversations. READ It's Frriiddaayyy Folks! Bitcoin is trading at $64,143 up from yesterday at $63,816...

Did You Know These Countries Are also HODLing Bitcoin?

12 May 2024 1 minute read 1 comment Cryptofab

While I was catching up on the latest Binance news about their El Salvador collab, I stumbled upon something mind-blowing. Apparently, the US government isn't just keeping an eye on crypto – they're HODLing a hefty bag of it too! 🇺🇸 According to a re...

Bitcoin, the real Ethereum killer? Bitcoin DeFi Could Change Everything

14 May 2024 1 minute read 0 comments Cryptofab

I was scrolling through crypto news today and stumbled upon something interesting: Binance Labs is investing in a project called Zest Protocol. Now, that might not sound like earth-shattering news, but here's the kicker: Zest is all about bringing on...