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.


Binance CEO Says He's Not into Lambos. BNB Soars Despite Selfie FUD

9 Aug 2019 1 minute read Ed-california $2.45 tipped

Binance has had an interesting few days, what with the reports about a hacker leaking selfies that users sent to the exchange for verification. Tens of thousands of selfies were reportedly leaked, all from February 2018, when Binance had hired a thir...

Crypto Cold Wallets Can Help To Measure The Real Volume Of Exchanges!!!

14 hours ago 2 minute read andreaskanel $2.39 tipped

Crypto exchanges have recently encountered categories for constructed volume data. Because it is relatively easy to do so, market researchers are looking for other ways to measure the capacity of each exchange, and it is possible that the cold wallet...

BNB / USDT technical analysis [BINANCE]

18 Sep 2019 1 minute read MrBullishSail $2.36 tipped

BNB seen from the seasonality of 1D we can see how the price has formed a descending wedge where the RSI indicator begins to show bullish divergence, the price has started to rise once it reached the zone of weekly demand located at 20.4593, the...

Binance Coin takes off towards the $ 40.

20 Jun 2019 3 minute read daniejjimenez $2.33 tipped

The crypto market has been intense this week and even though Bitcoin has not yet exceeded the five-digit level, it maintains a lateral movement of prices around nine thousand and keeps the market at optimal average capitalization levels at $ 288 bill...

3 Altcoins I Recently Bought #showmyportfolio

7 Jul 2019 1 minute read Chenhuang_defi $2.21 tipped

As a part of the #showyourportfolio competition, today I’m going to show you some tokens that I’ve recently gotten interested in. These are also exchange-focused tokens and that’s because I think these kinds of tokens will make give high returns as e...

Binance Creates Stable Coin Backed By Tether - :Satire:

3 weeks ago 2 minute read BitcoinGordon $2.15 tipped

Gordon Freeman here to bring you the most up-to-date things that aren't true, but should be. Binance announced (some random) Friday, once, that they will be launching a new stable coin expected to lead highest volume for the coming year. Having alrea...

Binance Coin (BNB) takes off and is heading for $ 40.

9 Aug 2019 2 minute read daniejjimenez $1.98 tipped

The market has once again entered into recession and the capitulation of profits has passed on this occasion to pump the native token of the world's largest exchange, Binance, with its native currency Binance Coin. At the time of writing the MarketCa...

WazirX and Binance making it easier for Indians to get into cryptos - Incredible!!

9 Dec 2019 3 minute read Greenchic $1.95 tipped

  Last month’s exciting news for me was Indian crypto exchange WazirX’s acquisition by giant international exchange Binance. Both these exchanges are from where I acquire my cryptos which I generally store in Atomic wallet and Celsius Wallet(: … So,...

Matic, Elrond and Celer Price Analysis: Binance IEO Coins Pumping

30 Nov 2019 5 minute read daniejjimenez $1.91 tipped

Amid the recovery of the price of Bitcoin and the levels of market capitalization, there are some tokens that have had a respectable performance during the week and in large part during the month of November. We refer to cryptocurrencies issued throu...

IDAX Review 2020 | Is IDAX Safe or Not? (Tokenhell.com)

2 weeks ago 4 minute read Tokenhell.com $1.81 tipped

IDAX crypto exchange is an international trading platform that has made its worth among the top 15 crypto exchanges within the duration of only a few months after its development. So, our today’s review is about IDAX crypto exchange. There are some o...