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.


Recapitulation of M2E Financial Freedom

9 Nov 2022 1 minute read 0 comments Baxpian

I made 33 posts in which I monitor 4 move to earn apps every day and now we will add the amounts earned of crypto compared to $.   StepN In 33 days I have earned 1109.22 gst worth today 28.95$.   WalkWithStep There for 33 days, I have got 0.003265 BN...

Play2Earn Experiment - I played Binance WODL to check the rewards

9 Nov 2022 3 minute read 10 comments PVMihalache

I seen everyone FOMO into the Binance WODL game, where the players must guess/ discover the word by using the given letters. The tries are limited and the prize pool is shared to the participants. But is it worth it or is just a waste of time?  I sta...

MINING BLOCK CLUB

9 Nov 2022 2 minute read 0 comments Queenofdarkness

There's a new way to earn cryptocurrency, and it's called the mining block club. This innovative new service allows users to complete short tasks in exchange for free crypto. That's right, you can now earn free crypto just by completing simple tasks...

Binance to Acquire FTX

9 Nov 2022 1 minute read 3 comments Yugocean

Yes you read the title right, I have written the truth, the whole truth, nothing but truth. From the starting point, Binance CEO CZ and FTX CEO SBF are not playing well, or perhaps playing tricks behind their work and words. Both CZ and SBF were pla...

CZ Makes SBF Kiss the Ring

9 Nov 2022 4 minute read 5 comments Cje95

The last 24ish hours have been absolutely insane, to say the least. After crypto seemed to be finding its footing and looking to finally break out and break up rumors emerge about FTX facing insolvency. If you had asked me about this happening a week...

Observations from the collapse of FTX

8 Nov 2022 5 minute read 5 comments Messin' With Cryptos

There has been a ton of information that’s come out in the past 24 hours that’s come out between the battle between FTX (Sam Bankman Fried) and Binance (CZ), and staying as objective as possible, there’s a ton of observations that I’ve been making fr...

The Saga Continues...

8 Nov 2022 4 minute read 0 comments clubby

The Demise of FTX? On November 8th, something strange was going on over at the exchange FTX. People began to speculate that the exchange was in serious trouble and rumors began to circulate that problems were on the horizon. CZ of Binance tweeted thi...

FTX: is a new Celsius coming?

8 Nov 2022 1 minute read 2 comments crypto_albert

In recent days, news has spread of serious problems with the FTX exchange due to rumors of possible insolvency. In December 2019 FTX began a partnership with Binance, which became FTX’s first external investor. In a recent tweet Changpeng Zhao, CEO...

Binance to adquire FTX

8 Nov 2022 1 minute read 0 comments D3v3l

After many speculations about the stability of his finances surfaced over the course of few hours, FTX declared that Binance would be buying the business. Changpeng Zhao's company signed a non-binding letter of intent to fully buy one of its biggest...

FTX vs Binance: An Interesting Twist Of Events

8 Nov 2022 1 minute read 2 comments Cryptoindulgence

The day started with gloomy news of FTX purportedly halting withdrawals, with on-chain data showing that the last outgoing transaction from FTX taking place at 6:37 am ET on Ethereum. Withdrawals on Solana and Tron seem to have stopped as well. FTT...