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 Most Crypto Friendly Countries

17 Feb 2024 1 minute read 3 comments Cryptofab

I recently read an interesting article from Binance about Switzerland's embrace of cryptocurrencies. As someone who's constantly dreaming of the next crypto frontier, it sparked a thought: Could this land of cheese and mountains be my future investme...

Chinese NY Dragon - NFT Game Play To Earn with HIGH ROI! Let's play and earn crypto!

17 Feb 2024 1 minute read 0 comments ShadowCrypto

Chinese NY Dragon - NFT Game Play To Earn The game already has various rarities of NFTs, all of them with interesting ROI, as well as an integrated marketplace where you can trade your dragon NFTs. Based on the Year of the Dragon, the game has been...

BEP2 vs. BEP20 - Difference Between Binance Chain and BNB Smart Chain

16 Feb 2024 4 minute read 3 comments Guarda Wallet

BEP2 and BEP20 are two different token standards used in the Binance Chain and Binance Smart Chain networks. The main difference is that BEP2 is a protocol used for native transactions on the Binance Chain. At the same time, BEP20 is a protocol used...

Winter Creativity And The Binance Tree Decorations

16 Feb 2024 2 minute read 6 comments PVM

I got sad when Binance earning opportunities were stopped for UK based users, and moved my crypto from there. I still followed the news and was weird to think that Binance will move forwards without CZ!  Creativity is one of my top traits and when th...

Crypto in Crypto-Friendly Banks: Friend or Foe? Should You Ditch Your Wallet?

16 Feb 2024 1 minute read 0 comments Cryptofab

I recently read an interesting article from Binance about Switzerland's Crypto Valley, giving some names of crypto friendly banks… It got me thinking – while it's definitely a hotspot for crypto businesses, there's a whole world of possibilities beyo...

Binance Labs invests in Ethena Labs, NFPromt and Shogun

16 Feb 2024 1 minute read 0 comments KMatt

Binance Labs, the venture capital and incubation arm of Binance, recently announced new investments in three promising startups: Ethena Labs, NFPromt, and Shogun. Ethena Labs is a cybersecurity company that focuses on data protection and fraud preven...

Five Potential Projects to Launch on Binance Launchpad and Binance Launchpool in 2024

16 Feb 2024 2 minute read 3 comments Cryptonator`s

I'm not aware of the upcoming projects that will be launching their tokens on Binance Launchpool or Binance Launchpad. However, I can make an educated guess by taking a look at the projects that Binance Labs Fund, the investment division of Binance,...

Should You Buy Bitcoin NOW? Elliott Wave Analysis and Price Prediction!

15 Feb 2024 1 minute read 1 comment Huen

Hello and welcome to another insightful update on the Bitcoin market. In this analysis, I'll delve into the current trends and potential scenarios shaping Bitcoin's trajectory. Despite minimal fluctuations, Bitcoin continues its ascent. Let's delve i...

These are the cryptos Binance is investing in

15 Feb 2024 1 minute read 2 comments LeftFooted

Binance Labs, which is essentially the branch of Binance that's devoted to investments, is currently buying three cryptocurrencies in particular. They haven't said how much, or why, but they're currently buying Ethena Labs, which is apparently not e...

Binance P2P Trading: How Safe Is It?

15 Feb 2024 1 minute read 1 comment Cryptofab

I recently read an intriguing article about how Binance utilizes AI to enhance the security of its P2P platform. However, my cautious side still lingers, particularly when it comes to the authenticity of proofs of payments. First, let's explain the u...