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.


XLM on Binance Futures!

20 Jan 2020 1 minute read 4 comments oceanloader4

Binance continue their mission to add a perpetual swap for all altcoins ever created   A week or so back Binance added a perpetual swap market for Litecoin (see my earlier post).   Now they've added Stellar Lumens (XLM) :https://www.binance.com/en/su...

Binance Whales cause Bitcoin price to drop to $8600 in just 5 minutes

20 Jan 2020 1 minute read 1 comment Tokenhell.com

The price value of the world’s leading digital currency Bitcoin has dropped again. This sudden drop was caused by Binance whales. Bitcoin value decreased from $9150 from $8600 within the duration of just five minutes and lost almost $180 million duri...

Binance announced a permanent contract for XLM

19 Jan 2020 1 minute read 5 comments Blockchain

The latest information I received today on January 19, 2020 about Binance will launch a permanent contract signing for XLM / USDT and the open trade was announced at 3pm (  hours in my country )   on January 20. / 2020. Over the past few weeks, Binan...

Massive Burn take out of circulation 2,216,888 BNB Coins worth $38 Million.

19 Jan 2020 1 minute read 2 comments alberdioni8406

The most Largest exchange from the moment Binance, based in the Malta Islands, took out of circulation exactly 2,216,888 Binance Coin BNB worth $38 million from the market. This operation was conducted today and, was the second more valuable burning...

Binance will continue to oversee the Japanese market through strategic partnerships, confirmation from the CEO of the cryptocurrency exchange

19 Jan 2020 1 minute read 0 comments Roberto D.

We had already talked about it HERE, following an initial official communication, today the issue has become clearer, as always happens after each speech by Changpeng Zhao (the CEO of Binance); however, let's pick up the thread from the beginning, in...

TOP 5 CRYPTOCURRENCIES, Actuality NEWS BITCOIN, ETH, BINANCE COIN, XRP Security or NOT ?

18 Jan 2020 1 minute read 2 comments Digital Asset Culture - YouTube Channel - France

Good evening everyone, here is my new video about the Actuality of Cryptocurrencies : Thank you for your hearing/reading. REMINDER : click here to  INSTALL BRAVE Browser and BE REWARDED IN BAT CRYPTOCURRENCY EVERYDAY FOR FREE (affiliate link)   Clic...

$140.6M in BTC are moved from Crypto exchange meanwhile a whale transfers $6.3M in XRP

18 Jan 2020 1 minute read 1 comment Tokenhell.com

An amount of $140.6M in Bitcoin (BTC) has been moved from a crypto exchange meanwhile a crypto whale transfers an amount of $6,320,422 in XRP. An unknown crypto whale has transferred 16,001 Bitcoin (BTC) worth $140,600,000 ($140.6M) from the OKEx cry...

Crypto Earn - Comparison (Updated 18 Jan 2020)

18 Jan 2020 1 minute read 2 comments tcss007

Earning cryptocurrency interest via staking, lending, etc is gaining increasing popularity, especially among HOLDers. More and more platforms are providing such option as part of the overall service offering. In my first attempt to do a comparison of...

The biggest scam running that people think is legit

18 Jan 2020 1 minute read 4 comments goldhunter1

Bitcoin Futures For some time I just thought I was entering and exiting with a few bad positions then I looked a little closer. I started to watch all the exchanges at the same time, making trades across multiple sites to see reaction, I was shocked...

Binance struggling with regulatory problems in Japan, the cryptocurrency exchange will block access to Japanese traders

17 Jan 2020 1 minute read 1 comment Roberto D.

The news came from yesterday and was published on the Japanese binance website, for which it is official; the cryptocurrency exchange, on the podium of the largest platforms for volumes traded globally, has communicated that it intends to limit acces...