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.


The correlation between exchange tokens and Bitcoin

17 Jun 2020 1 minute read 0 comments Jumble

Introduction In an earlier post the HODL results for 1-year and year-to-date for the Binance (BNB), OKEX (OKB), and Houbi (HT) exchange tokens are shown. The usual subsequent question is, “what is the correlation between the exchange tokens and Bitco...

3 of the best and most widely used Cryptocto Exchange Derivative Exchange in 2020

17 Jun 2020 2 minute read 2 comments Squidy analysis

Derivative trading is a two-way trade where customers can take profits when prices rise or fall. One derivative trade is a futures trade, which is an exchange contract for payments whose price is taken from the reference object (in this case cryptocu...

ConsenSys' New Staking Service Receives Support from Big Names Like Binance and Crypto.com

17 Jun 2020 1 minute read 0 comments Abhi K

Blockchain development company ConsenSys on June 16 announced a new staking service in preparation for Ethereum 2.0. Primarily for exchanges, custodians and wallet provides, the staking-as-a-service platform has been backed by some of the most promin...

32 ETH MAY NOT BE NEEDED FOR STAKING

16 Jun 2020 1 minute read 2 comments Vms_Crypto

The second largest cryptocurrency Ethereum by market cap Is due to have long awaited upgrade later this year. It has just been announced that 6 major crypto firms will also be participating in the staking pilot programme. Binance, Crypto.com, DARMA C...

Loopring is trading on Binance.com

16 Jun 2020 1 minute read 0 comments MrBitcoin

Loopring is trading on Binance.com Loopring can now be traded on Binance.com. Binance.com is one of the largest trading platforms on the net. You can trade different coins as well as DAI BAT BTC LTC LRC and many more coins.   Trade. Anywhere. Mobi...

How to Earn Crypto on Your Crypto

16 Jun 2020 9 minute read 54 comments cryptoforcanadians

A personal goal of mine is to help thousands of people learn about crypto whether it's with buying, securing, tracking, trading, or sending it. So when creating content about crypto, I always try to put myself in the minds of others who are just star...

3 Crypto Currencies worth investing in

16 Jun 2020 2 minute read 0 comments Mabla

There was a time when bitcoin was the talk of the town and it was recommended as the best crypto currency to invest in as it had received so much recognition. For sure that time it made waves and it was making money with bitcoin is very small. It ope...

How to approach and make money on Crypto markets?

16 Jun 2020 2 minute read 0 comments Mabla

Poverty is the root of all evil not money and with money and with money you can eradicate poverty, so all you have to do is find something worth investing in that will give you returns in time. You should decide whether you want to be a ‘path finder...

Do Market Makers (MM) manipulate markets? If so how and why?

16 Jun 2020 2 minute read 0 comments Mabla

Market makers, brokerage firms and investment banks are the big whales in the market, they are the ones who control supply and demand. They are the ones who move the market as they place big orders which create big movements known as the supply and d...

In what ways XRP is better than BCH?

16 Jun 2020 1 minute read 0 comments Mabla

Bitcoin cash (BCH) was created in August 2017 as a result of hard fork of Bitcoin and it was an update of the block size and this one could transact many transactions at once as a result of its block size with a lightning network which confirms trans...