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.

The Binance Labs Investment Observer - Renzo Protocol

23 Feb 2024 2 minute read 1 comment Cryptonator`s

Recently, I published an article about "Five Potential Projects to Launch on Binance Launchpad and Binance Launchpool in 2024". The main idea behind this article was to check the projects that Binance Labs Fund, the investment division of Binance, ha...

Decentralization Among Proof of Stake Chains

20 Feb 2024 6 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

$4.3 billion Binance-DoJ deal is approved by the US Court

24 Feb 2024 1 minute read 0 comments Yugocean

     The Binance-US DoJ (Department of Justice) deal has been approved by Richard Jones, judge of the Western District of Washington court. $4.3B Binance Airdrop to DoJ      The US DoJ got a $4.3 billion giveaway (legally in panelty) from Binance a...

Five Potential Projects to Launch on Binance Launchpad and Binance Launchpool in 2024

16 Feb 2024 2 minute read 3 comments Cryptonator`s

I'm not aware of the upcoming projects that will be launching their tokens on Binance Launchpool or Binance Launchpad. However, I can make an educated guess by taking a look at the projects that Binance Labs Fund, the investment division of Binance,...

Binance Launchpool Gets Crypto Gaming Platform - Portal

22 Feb 2024 1 minute read 0 comments Novasky

Portal gaming platform has been getting into the news lately. And they have just got the launch on the Binance Pool. So you can expect random airdrops for holding your BNB. So like most of the airdrops and launch pool rewards, you get the chance to h...

A Better Gaming Launchpad than Seedify?

22 Feb 2024 3 minute read 1 comment benn0xake

I decided that I couldn't keep this gem to myself, especially after seeing so many influencoors about to shill people into poverty yet again. If you're listening to Alex Becker, Elliotrades and these guys that have already made their fortune, you wil...

Why did Binance invest in Ethena Labs?

19 Feb 2024 1 minute read 1 comment KMatt

Ethena Labs is an innovative company that is revolutionizing the world of decentralized finance (DeFi) with its integrated yield stablecoin called USDe. What is USDe? USDe is a token pegged to the US dollar, specifically a delta-neutral synthetic dol...

You can earn a SUI on Binance if you learn this.

20 hours ago 5 minute read 1 comment Legosi🐺

Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by solid technological foundations. By employing a new object-centric data model, Sui supports dynamic and composable assets on-chain with transaction fin...

BEP2 vs. BEP20 - Difference Between Binance Chain and BNB Smart Chain

16 Feb 2024 4 minute read 3 comments Guarda Wallet

BEP2 and BEP20 are two different token standards used in the Binance Chain and Binance Smart Chain networks. The main difference is that BEP2 is a protocol used for native transactions on the Binance Chain. At the same time, BEP20 is a protocol used...

Crypto Weekly Recap: Stellar, Circle, Binance, Trump and More (Feb. 18-24, 2024)

5 hours ago 5 minute read 0 comments MelegaSwap

The cryptocurrency market has maintained its bullish momentum this week, as Bitcoin's market capitalization remained above $1 trillion. Bitcoin (BTC) reached a new high for 2024, hitting $53,019 on Feb. 20, only to dip to $50,000 on some exchanges sh...