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.

Use, opportunities,prospects for using EDC coins in real life!

4 weeks ago 4 minute read afif $0.10 tipped

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12 Jul 2019 15 minute read TwiceCrypto $3.36 tipped

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7 Jul 2019 1 minute read Chenhuang_defi $2.21 tipped

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7 Jul 2019 1 minute read Roberto D. $0.07 tipped

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7 Jul 2019 1 minute read Adamic0 $4.43 tipped

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6 Jul 2019 3 minute read Roberto D. $0.03 tipped

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6 Jul 2019 1 minute read Roberto D. $0.06 tipped

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5 Jul 2019 1 minute read Roberto D. $0.03 tipped

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Project review: eBoost — Fueling eSports.

23 Jun 2019 2 minute read Nibu P Rajoo $2.14 tipped

As per the latest “2019 Global Esports Market Report” published by Newzoo, esports market will for the first time exceed the billion-dollar revenue mark, a year-on-year growth of 26.7%. As per the report, it is estimated that global esports audience...

Binance No Longer Allowing US Customers- The Implications

20 Jun 2019 1 minute read Wstanley224 $0.07 tipped

Binance No Longer Allowing US Customers- The Implications As the cryptocurrency market recovers, Binance, the largest online cryptocurrency exchange will close it's doors to American customers.  Americans make up only 15% of the volume on Binance dai...