Binance News, BNB Price Predictions, Opinions and Analyses Created by Users

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.

How Much Bitcoin Should You Own!?

28 Sep 2020 5 minute read 27 comments johnwege

There are many people that invest in bitcoin and other cryptocurrencies for the technology and potential it has to change the world.  But then there are people who are investing in the bitcoin and crypto space just for the financial gains that it can...

Binance Launchpool: Flamingo (FLM) for BNB holders

26 Sep 2020 1 minute read 24 comments PVMihalache

After the success of Bella Protocol and Wing Finances, Binance announced the 3rd project to be launched on the Binance Launchpool platform. Now Binance Coin and Binance USD holders can farm an interoperable, full-stack decentralized finance protocol...

How the Uniswap (UNI) token distribution made the crypto market unstable

23 Sep 2020 2 minute read 43 comments PVMihalache

Never take your foot of the gas, cause you are as good as your last plate - Chef Gordon Ramsey I covered the Uniswap distribution yesterday in a quick post but as Chef Ramsey was saying, you are as good as your last post, and that post was mediocre...

Binance Opens 'Innovation Zone' for New DeFi Tokens

24 Sep 2020 1 minute read 11 comments Abhi K

Binance has launched a new “Innovation Zone” for select users to trade upcoming DeFi tokens, according to a blog post published on September 21. The Innovation Zone was motivated by the desire to bring a balance of accessibility to DeFi coins while...

How To Margin Trade On Binance

23 Sep 2020 2 minute read 8 comments cryptoforcanadians

A friend of mine who I had gotten into trading crypto had recently asked me what margin trading is and how to margin trade. Those questions are what led me to writing up this post.  So what exactly is margin trading? In a nutshell you can think of it...

Injective Protocol: the tool for unbreakable DEXs

25 Sep 2020 3 minute read 4 comments PVMihalache

What is the Injective Protocol? The Injective Protocol is the name of the Binance Labs backed project which aims to create fast, secure and fully decentralized trading. The project will implement the first front-running resistant, layer-2 exchange pr...

Binance Launchpool: Venus (XVS) for BNB and Swipe holders

19 hours ago 1 minute read 12 comments PVMihalache

On Saturday Binance Launchpool launched Flamingo (FLM) farming for BNB holders. The previous two Launchpool projects, Bella Protocol and Wing Finance, rewarded BNB staking on Flexible Savings but since Flamingo farming, the projects are moving to the...

What are your favorite cryptos?!

24 Sep 2020 1 minute read 5 comments alberdioni8406

It's been a wonderful journey so far so good, this two active years on market have shown that decentralized assets have a bright future and betting on them is the right choice right now. The market is full of cryptocurrency and somehow very difficult...

Venezuela, towards a single mining Pool????

25 Sep 2020 1 minute read 1 comment alquimista1501

The legalization of mining seems to end up being a tax penalty for the activity. Certainly Venezuela is one of those countries that has taken advantage of the opportunities offered by the world of cryptocurrencies to make a change and show a way befo...

Flamingo ( FLM ) Farming Starts In 10 Hours On Binance Launchpool LeoFinance

26 Sep 2020 1 minute read 1 comment Zemiatin

I made a post a few days ago about the new Binance Launchpool and how awesome it is that if you own some BNB or BUSD you can stake them and earn new coins that will get listed on Binance with 0 risk. One of those coins is Flamingo and the farming per...