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.


Are We Still Pretending the Crypto World Is Decentralized?

1 Apr 2020 4 minute read 14 comments TheDesertLynx

Binance bought CoinMarketCap. It's enough of a headline on its own, yet it represents the latest piece of an increasingly worrying puzzle: just how much influence does founder Changpeng "CZ" Zhao have over the ostensibly-decentralized cryptocurrency...

Tether Moves 500 million USDT from TRON to Ethereum

12 Aug 2020 1 minute read 3 comments Abhi K

On August 10, Tether (USDT) moved 500 million USDT from TRON (TRX) to Ethereum (ETH). Tether and a third party, which appears to be Binance, coordinated to swap the funds between blockchains Total supply has not changed Tether has explained that exc...

The Top 9 Cryptocurrency Exchanges

29 Feb 2020 9 minute read 14 comments CryptoSorted

One of the major reasons many crypto investors lose money is investing or trading on risky exchanges. Cryptocurrency exchanges are platforms where one can easily buy and sell bitcoin and other cryptocurrencies. There are currently over 300 cryptocurr...

Top 5 Cryptocurrency Exchanges 2020

11 Apr 2020 5 minute read 10 comments CryptoCation

Cryptocurrency exchanges are platforms where users can buy, sell or exchange cryptocurrencies for other digital currencies and Fiat (USD, EUR, etc.). Today there are many platforms to choose from, however, not all exchanges are created equal. The lis...

5 News You Might Have Missed This Weekend (27 - 30 March)

30 Mar 2020 5 minute read 12 comments Brawnd0

Hi folks. Here I am back with a news roundup - as we all learn to cope with this very worrying time we are living in. First of all, I hope everyone is doing okay and keeping well as they isolate themselves. All the markets have taken a tumble but we...

Binance is the King of The Hill. And that's Bad for Decentralization.

7 Feb 2020 3 minute read 25 comments SkinnerCrypto

This one might take a different tone than some of my other posts. It's crazy how sometimes, you don't recognize something until you're being beaten over the head with it rolled up in a newspaper. Like a bad boy. But this is my opinion and I'll stick...

The SEC Wants to Track Binance Chain Transactions

31 Jul 2020 1 minute read 9 comments Abhi K

The United States Securities and Exchange Commission (US SEC) is planning to offer blockchain analysis firm CipherTrace a contract, in an effort to trace transactions on the Binance Chain. A memo published on July 29 reveals that the SEC believes tha...

Weekly Crypto News Roundup - 9th of May - 16th of May

16 May 2020 4 minute read 18 comments pheonixdown-dee

Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I li...

CoinMarketCap Introduces New Section for DeFi Tokens

29 Jun 2020 1 minute read 3 comments Abhi K

CoinMarketCap has added a new section that tracks decentralized finance (defi) tokens. At the time of publishing, the $COMP asset holds the highest market cap in the defi space with roughly $610 million in market cap, followed by MKR with roughly $45...

Bitcoin era pumping and emptying systems may be the most common in Binance

21 May 2020 1 minute read 1 comment PassionCryptodotcom

The integrity of the cryptocurrency ecosystem has improved over the years, but the poor report that accompanies cases of so-called pumping and emptying systems continues to cloud the industry. Market manipulation has been a major problem for crypto m...