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.


Monero Loses Huge Crypto Exchange

2 weeks ago 1 minute read kingscrown $0.29 tipped

This one i wasnt writing much about yet it did show up in some of my posts so there is slight chance you have account there, i have to say its GREAT for arbitrage as its located in eastern EU and catches news slow so often you have at least 10-30 min...

Binance to Go DOWN Today - What to watch out at.

2 weeks ago 1 minute read kingscrown $0.26 tipped

In normal times this wasnt anything special that exchanges have to go down sometimes, often they didnt really announce such stuff in ie 2014. But these days if exchange is down with no notice people are mad scared, we see dumps or crazy price action....

The Latest Crypto Market Updates In Our Telegram Channel

2 weeks ago 1 minute read Rubika Ventures $0.48 tipped

Hi Rubikators! This is flash market update in our telegram channel https://t.me/rubikaventures COMMUNITY DETAILS Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single adminis...

Curate Bitcoin 11/23/2019 by dobobs

2 weeks ago 5 minute read dobobs $0.03 tipped

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Current Market Pr...

Chaos in China for the closure of cryptocurrency exchanges, what is happening?

2 weeks ago 2 minute read Roberto D. $0.12 tipped

Yesterday, rumors began to circulate about the alleged Chinese police raid in the Binance offices in Shanghai; the first to report it was The Block, which cited anonymous sources, the news was then relaunched by cointelegraph and other industry sites...

Binance bought the Bitcoin Exchange wazirX from India.

2 weeks ago 1 minute read alberdioni8406 $0.04 tipped

Binance The Global Leading Exchange bought the wazirX Bitcoin Exchange from India in a recent big acquisition from the Giant Cryptocurrency Company.  India is an Emergent Country in crypto currency adoption but with huge influence in the Asian Marke...

Binance is out of the top ten cryptocurrency exchanges in the latest ranking published by CryptoCompare

2 weeks ago 1 minute read Roberto D. $0.17 tipped

CryptoCompare, for the uninitiated, is one of the leading analysis companies on the cryptocurrency market, the company offers, among the various services, a comparative analysis on the main exchanges of the market which is distributed in the form of...

Curate Bitcoin 11/21/2019 by dobobs

2 weeks ago 5 minute read dobobs $0.13 tipped

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Current Market Pr...

Token Burning Mechanism Explained

2 weeks ago 5 minute read MeinCrypto $5.26 tipped

You have probably asked yourself, why would anyone on earth burn or destroy their precious crypto tokens? What’s the reason behind it, what are the mechanics and most importantly, how can you make money off it?  Well, I've got good news, you’ll find...

Binance Acquires India’s Leading Digital Asset Platform WazirXIndia: What is Next?

2 weeks ago 3 minute read ModernEuler $0.04 tipped

As a global cryptocurrency exchange and blockchain ecosystem, Binance should be on the radar of anyone who is interested in cryptocurrency and the digital asset ecosystem.  After its launch in 2017, Binance climbed the ladder of success incredibly fa...