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.

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10 Mar 2024 2 minute read 7 comments PVM

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10 Mar 2024 3 minute read 0 comments The Naeth

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10 Mar 2024 1 minute read 0 comments Yugocean

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9 Mar 2024 1 minute read 2 comments LeftFooted

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

9 Mar 2024 1 minute read 2 comments Yugocean

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8 Mar 2024 2 minute read 0 comments Yugocean

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8 Mar 2024 1 minute read 1 comment Cryptofab

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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

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