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.

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13 Nov 2020 1 minute read 2 comments Coincobra

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13 Nov 2020 1 minute read 2 comments Permabull

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Seasons Finance ⛄🍂

12 Nov 2020 1 minute read 0 comments Seasons Finance

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12 Nov 2020 10 minute read 5 comments SirGerardThe1st

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Watch Top 15 Highest Inflation Rate Countries between 1980 & 2019 - this is the reason why Bitcoin will always go UP

12 Nov 2020 1 minute read 5 comments Permabull

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SUPER RUNNING COIN towards the next step

12 Nov 2020 1 minute read 1 comment Coincobra

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12 Nov 2020 1 minute read 0 comments Permabull

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Crypto cards - MCO card vs Binance

12 Nov 2020 1 minute read 4 comments Fab G

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Colombia update - 266 Bitcoins traded last week - Hint: Bitcoin at ATH in Colombia now!

12 Nov 2020 1 minute read 0 comments Permabull

Checking last week's statistics, 266 BTC were traded in Colombia on LocalBitcoins. The number is a bit up from 257 BTC traded a week before. Although, the volume is slowly slipping down from 760 BTC per week in February 2019. 266 BTC is about 13,000...

Binance begins closure of US customers accounts

12 Nov 2020 1 minute read 2 comments ircrp

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