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.

Josiah Spackman on DigiByte, the Poloniex Delisting, and Tron and Binance's Centralizing Influence

2 Apr 2020 1 minute read 0 comments TheDesertLynx

  I had a great conversation with Josiah Spackman, DigiByte community member and the host of the Daily DigiByte Updates and DigiByte and Friends, on the ever-growing influence of the Binance, Tron, and Huobi alliance. We cover the Poloniex delisting...

Today In Crypto - April 2 Edition

2 Apr 2020 2 minute read 0 comments Sapphire

Binance Gives Reasons Behind CMC Purchase In a recent interview with Coindesk, CZ of Binance explained the reasons behind the recent acquisition of Coinmarketcap, the original and first Crypto metrics website. It appears that CMC has been a target of...

Decentralized world at risk: Binance confirm acquisition of CoinMarketCap!

2 Apr 2020 1 minute read 0 comments alberdioni8406

It's official, CoinMarketCap is now owned by Binance the aggregator data site will be a new weapon in the hands of the cryptocurrency exchange the "leader" on the field in volume transactions, and that starts to become weird and very dangerous to the...

Binance acquires CoinMarketCap with the motive of making cryptocurrency accessible to all

2 Apr 2020 1 minute read 0 comments xqanxxx

The largest digital asset exchange by market cap, has reached an agreement to acquire is one of the widely used resource for information about cryptocurrency. The second popular platform in the cr...

[It's Official] Binance Acquires CoinMarketCap, Which Will Still Run Independently

2 Apr 2020 2 minute read 2 comments takitachibana

April 2, 2020 – Leading cryptocurrency exchange Binance officially announces its acquisition of cryptocurrency price and information tracking website CoinMarketCap (CMC). CoinMarketCap will continue to run independently while Binance will provide the...

Binance CEO reveals plans to launch a Binance Mining Pool soon

2 Apr 2020 1 minute read 0 comments

Binance CEO reveals plans to launch a Binance Mining Pool soon The CEO of the Binance crypto exchange Changpeng Zhao says that the company is working on introducing a new Binance mining pool for users very soon. Changpeng Zhao revealed the plans of h...

Binance will pay 400$ million for coinmarketcap

2 Apr 2020 2 minute read 1 comment DZCRYPTO

The popular crypto exchange Binance is about to take over the previously independent crypto information platform Coinmarketcap. Binance is said to want to put $ 400 million on the table. As reported by The Block magazine, Binance is about to take ov...

Binance To Launch It Bitcoin Mining Pool Soon

2 Apr 2020 1 minute read 2 comments Dominus1

World leading Cryptocurrency exchange site Binance is planning to launch its own mining pool, a first for the popular crypto exchange. The hood news was revealed on Tuesday afternoon by the Russian crypto news publication Coinlife and was later confi...

Binance is getting too powerful

2 Apr 2020 2 minute read 1 comment MadMaxx

Who doesn't love Binance? The killjoys don't love Binance! Just kidding though. But seriously, Binance is a very good exchange, with a superior trading engine and the lowest fees on the market.(They're basically not there) And they have grown since 2...

Exchange Tokens vs BTC in Q1 2020

2 Apr 2020 1 minute read 2 comments kingscrown

If you read the free ebook Cryptocurrency Income Guide or read my posts then you probably have many exchange coins making money for you already. If not, think about it as it may be a good time. I share links to register with bonuses or with no docume...