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.


Crypto Wealth, Remembrance and Thanksgiving with Biswap

27 Nov 2022 5 minute read 14 comments PVMihalache

Biswap is THE DEX that kept my crypto passion alive! You may know already that Biswap is not the standard crypto exchange, it's above and beyond the standard exchange! Biswap is decentralize, has direct peer-to-peer crypto trading, launchpools, NFT m...

Has Binance Become The Central Bank Of Crypto?

22 Nov 2022 3 minute read 18 comments Cryptonator`s

When I signed up for Binance in 2019, it was like Coinbase, Kraken, or Gemini. In other words, Binance seemed to be an exchange like any other exchange. Well, this has changed dramatically over time and Binance has become the biggest player among cry...

Nomis Protocol - Scoring and Credentials for Better DeFi Products

24 Nov 2022 2 minute read 2 comments PVMihalache

The Cryptoverse expands and evolves constantly, and Web3 implementation will solve many DeFi issues. Nomis plans to enhance DeFi loans by making available the best-in-class credit score solution to make crypto loans undercollateralized. Nomis is an o...

Selfless Do-Gooder on the Front, Greedy Lawless Entrepreneur on the Back - This Is the Story of Sam Bankman-Fried's Downfall.

25 Nov 2022 3 minute read 2 comments ssaurel

Tuesday, November 8, 2022, Sam Bankman-Fried had $16 billion. On Friday, November 11, 2022, this young lord of cryptocurrencies had nothing left. His firm FTX is bankrupt. Never has a large fortune vanished so quickly. Never has a financial collapse...

Do Binance/CZ’s Moves Pointing to Regulator Issues?

24 Nov 2022 4 minute read 1 comment Cje95

While many have been quick to look into FTX and SBF as the source of controversy and rightfully so for the collapse of an exchange and one that was "reputable" at that there are always three sides to a story, one party, the other party's, and the tru...

FT Crypto Watch Nov 23

23 Nov 2022 11 minute read 6 comments Dave Sawyer

Cryptonauts, we love you.  Money for the people, of the people and by the people!! We love meeting up on the public room pamphleteering that is the omnipresent Publish0x!!! Changing the fabric of FT crypto coverage, one click and chitpost at a time,...

Wahey!! Binance is the biggest best most capitalized bank EVAH!!!!! Hail to the KING!!! No wonder the FT won't talk about it

24 Nov 2022 2 minute read 1 comment Dave Sawyer

Crypto lovers, we worship the ground y'all walk on.  The plants bloom when ya walk by baby!! So good to meet ya here on the next generational Publish0x!!  This is ah ha ha ha!!! a PUBLIC SERVICE announcement!!  The penny finally dropped when we figur...

Don't Leave Your Coins There - The Next CEX Which Could Collapse

28 Nov 2022 1 minute read 6 comments Cryptofab

Everyone is wondering what's next after FTX collapse. CZ published a proof-of-reserve but immediately after that Jesse Powell (Kraken CEO) claimed it is pointless, since it is not externally audited. CZ replied it will soon be audited, but what could...

The one funniest thing from FTX bankruptcy court: THE CLIENTS ARE ALL FROM LONDON!!!! AH HA HA HA!!!!

25 Nov 2022 1 minute read 7 comments Dave Sawyer

Cryptonauts you know we love you!! so glad to hang together on the intercontinental Publish0x! We all know the UK's FCA has fought crypto at every step! Even chasing their OWN Lord Hammond out of the House of Lords! And out of the country to work on...

BTC Daily Technical Analysis: Is it the calm before the storm? / Vitalik is preparing the next move!

24 Nov 2022 1 minute read 2 comments FreedomBuilder

Today the BTC does nothing and even less than the S&P 500 and the Dollar which are also in sleep mode, we can say the Thanksgiving effect.       Soon a short opportunity on APT, I'm just waiting for the BTC and ETH to end their short squeeze to clea...