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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.


SPACE ID (ID): Navigating the Galactic Frontier of Meme Coins

11 Mar 2024 2 minute read 0 comments PressF

Welcome, earthlings and interstellar investors, to the latest cosmic dispatch from SatiricalSatoshi, your beacon in the ever-expanding universe of meme coins. Today, we're strapping on our rocket boots and setting our navigation systems to explore th...

Biswap Opened The BSW Investment Pool!

10 Mar 2024 2 minute read 7 comments PVM

Biswap is a decentralized exchange, with direct peer-to-peer crypto trading, staking options, launchpools and NFT market. What's different? Biswap is the 1st DEX on Binance Smart Chain with a 3-type referral system and the lowest exchange fee 0.1% in...

Binance Review

10 Mar 2024 3 minute read 0 comments The Naeth

Centralized cryptocurrency exchange Binance. Users may simply swap virtual assets here. One of the most popular sites, it supports over 150 coins. Binance provides eWallets for digital token investors in addition to trading. Binance's availability in...

HTX is cashing on Closed AI and other news

10 Mar 2024 1 minute read 0 comments Yugocean

  HTX is cashing Closed AI        Justin Sun's HTX is cashing on Closed AI joke. Some Jacob Kastrenakes has started closed AI parody, and HTX listed $CLOSEDAI   $CLOSEDAI Listed: HTX has listed ERC20 $CLOSEDAI, on March 9, (5:30 UTC).  Trading pair i...

Binance's BNB hits HIGHEST price in two years

9 Mar 2024 1 minute read 2 comments LeftFooted

BNB price went parabolic, hitting $489.50, its highest price in two years. Binance emerged relatively unscathed from the CZ saga, so far at least, and even if its former CEO Changpeng 'CZ' Zhao ended up being convicted in the ongoing trial, at this...

Bitcoin reaches a new All-Time High, with Binance special

9 Mar 2024 1 minute read 2 comments Yugocean

  Bitcoin reaches new All Time High      On 8th March, Bitcoin hit an all-time high. The previous record is officially broken. Binance, KuCoin, GateIo, and others have recorded it. Coingeco again missed, but officially, the new ATH is 70,330.8 (Binan...

Do Kwon to be extradited to South Korea and other news

8 Mar 2024 2 minute read 0 comments Yugocean

Montenegrin court orders Do Kwon's extradition to South Korea      Scam king Do Kwon of Terraform Labs, is currently in hiding in Montenegro. The USA and Kwon's native South Korea have both requested Kwon's extradition. Do Kwon was ordered to be extr...

Hold on a sec, Bitcoin hodlers! Staking just got a whole lot more interesting...

8 Mar 2024 1 minute read 1 comment Cryptofab

I've been down the Bitcoin staking rabbit hole lately. First of all, staking does not really exist for Bitcoin... We all know that. So don't get me wrong. Staking here means you put your bitcoin into a custodial platform or a non-custodial protocol,...

AEVO Binance Launchpool Starts From 8th - 12th March

7 Mar 2024 1 minute read 0 comments Crypto Park YT

AEVO Binance Launchpool Are you looking for a new way to earn passive income with crypto? If so, you might want to check out the AEVO Binance Launchpool, a new initiative that allows you to stake your BNB, FDUSD tokens and earn AEVO tokens as reward...

New Binance Launchpool alert: you can now get AEVO

7 Mar 2024 1 minute read 2 comments LeftFooted

A new launchpool is available through Binance's Launchpad feature. It's called Aevo (AE). Aevo is a decentralised derivatives exchange focused on options and perpetual trading. You can run DEX on Aevo Layer-2, which is an Ethereum roll-up based on...