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 Screwed Us Over... What Now?

22 Nov 2023 1 minute read 2 comments Orbital Blogs

Chengpeng Zhao, the founder of the cryptocurrency exchange we all love - Binance, was arrested on Tuesday, November 21, 2023, on money laundering charges. The U.S. Department of Justice alleges that Binance failed to maintain an effective anti-money...

Binance woes, OpenAI shooting themselves in the foot and the crypto market's resilience

22 Nov 2023 1 minute read 0 comments LeftFooted

In today's headlines, the crypto world goes mad after Binance's CZ's shocking resignation and OpenAI shoot themselves in the foot. Binance's CEO and owner Changpeng Zhao, known as CZ, has resigned as part of a deal the world's largest crypto exchang...

Burn King Protocol (BKP) Gets Listed on Melega Finance

22 Nov 2023 2 minute read 1 comment MelegaSwap

Hello, fellow crypto enthusiasts! This is Melega Finance, a premier decentralized crypto ecosystem that offers a top-notch automated market maker (AMM) digital asset exchange as well as a team of expert marketing professionals. We are excited to anno...

Buy the rumour: BNB price soars on back of insider info about pre-trial settlement

22 Nov 2023 1 minute read 1 comment Stormgain

The largest crypto exchange has really struggled in 2023. In February, under pressure from the New York State Department of Financial Services, stablecoin issuer Paxos refused to mint BUSD for Binance. While in June, more than ten top managers quit t...

Who Is Richard Teng, Binance's New CEO?

22 Nov 2023 1 minute read 1 comment Cryptofab

I recently read an interesting article about the new Binance CEO, Richard Teng. Teng is an experienced executive with over three decades of financial services and regulatory experience. He joined Binance in August 2021 as CEO of Binance Singapore, an...

Will Binance CEO Resignation Affect Crypto Market?

22 Nov 2023 1 minute read 2 comments shohana1

Image by Sergei Tokmakov from Pixabay Binance is well known to we all crypto traders and the CEO of it Changpeng Zhao (CZ) also known to us who recently confirm about his resignation from binance and replaced himself with new CEO Richard Teng. But w...

The CZ/DOJ saga ends, but is the future bright for Binance?

22 Nov 2023 4 minute read 2 comments Kovichni

Mannn, I'm trying to be responsible here and quit these risky Bitcoin buying opportunities and then this happens: Bitcoin, BNB slide as Binance CEO resigns, pleads guilty to DOJ charges. So now you know what CZ will do, now you know that Binance unli...

Crypto w/Kamal Ep. 52 - What I Got Wrong About Elephant Money

22 Nov 2023 2 minute read 0 comments KHubbard

  In the latest edition of Crypto w/Kamal, I take a look back at a few things about Elephant Money to uncover more of what I learned, what I got wrong, and what I got right. Elephant money has an updated website and whitepaper that you can check out...

BINANCE: CZ is no longer CEO, Binance will pay more than 4 BILLION 🔥🔥 [ENG/PT-BR]

22 Nov 2023 5 minute read 2 comments RiCrypto

Did you know that CZ is no longer the CEO of Binance Exchange? It's Binance's CZ, now it's just CZ. Furthermore, the problem was so serious that in addition to losing his executive position in the company, Binance will still have to pay more than...

A nightmare begins: CZ fired from Binance!

21 Nov 2023 1 minute read 0 comments Vibrantstories

After a long time inserted into Binance's ecosystem(e sendo o seu undador oficial).CZ seems to be no longer part of the financial services and blockchain technology company called Binance. And it seems that along with this loss the company will have...