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.

Build a Trading Bot Using Node.js and Binance API: Turn Your Computer into a Money Machine

4 hours ago 5 minute read 0 comments leobgrt

First things first, let’s address the elephant in the room: there are countless trading bots available online, many with impressive track records and a long list of satisfied customers. So, you might be wondering, why in the world would you want to b...

Binance VS SEC: An Endless War

23 Sep 2023 1 minute read 1 comment KMatt

I will try to summarize as much as possible, what is a very long story that has lasted since almost the beginning of 2023 and has not yet ended. I apologize in advance if I have omitted some information, but I prefer to summarize so as not to take up...

Are My Fiat Funds Safe on Binance?

23 Sep 2023 1 minute read 5 comments Cryptofab

You may wonder if your fiat funds are safe on Binance. Although it is the largest crypto exchange in the world, it's not immune to problems. In a recent blog post, Binance explained how it safeguards fiat funds. The company says that it does not hold...

A Skeleton Crew of Workers is About to be all That's Left at the SEC

23 Sep 2023 2 minute read 1 comment Cje95

Even though House Republicans continue to work and Members and Staff have been advised they could be recalled to DC for votes the likelihood of a spending bill coming together this weekend is practically zero. The issue that has been hampering the Ho...

Binance cashback is profitable?

20 Sep 2023 2 minute read 1 comment MrBicci

  Binance cashback is profitable? The best free alternative (or for that matter) is the binance card, which offers cashback on almost all types of purchases made. "Free" in quotes because actually applying for the card iniazialmente is free but on e...

SEC Suffers a Slight Setback in Attempt to Access Binance.US Software

20 Sep 2023 5 minute read 0 comments Coinpaper

In a recent development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Binance.US, a federal magistrate judge has denied the SEC's request for immediate access to Binance.US's software. The judge, w...

Escalation of the Binance vs SEC conflict

20 Sep 2023 2 minute read 0 comments Stormgain

The SEC sued the crypto exchange and its CEO Changpeng Zhao for violating a number of US laws. These include the parent company (Binance Ltd) accessing American clients' funds, mixing client funds with company funds, violating the Securities Act (the...

Short tip: Transfer funds from Kucoin to Binance cheaply

20 Sep 2023 1 minute read 1 comment foski97

Hey there! I'm starting a new blog with short tips for the crypto world. It is intended to provide short (less than 2 or 3 mins reads) with helpful tips for "not so wealthy" people as myself. So here it comes the first tip! Move money from Kucoin to...

First Half of September in 2023 / NULS Attended the International Digital Transformation Conference

19 Sep 2023 5 minute read 7 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Conducted NULS underlying performance optimization and testing process. Optimized NULS Explorer ( As...

The Projects-Tokens of Binance

19 Sep 2023 2 minute read 0 comments MrBicci

  Binance projects just completed, let's go into detail:   In the preceding months one of the world's milgiest exchanges decided to open up to trading some promising new cryptos, and along with their launch to open up to a staking period, usually ar...