Binance Coin (BNB)

7,367 Articles 104,279 Followers

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 Word of The Day | 27th January 2025

27 Jan 2025 2 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

In The World Of Crypto - 26th January 2025

27 Jan 2025 2 minute read 0 comments Myxoplixx

The crypto market is buzzing with new trends, ranging from A.I.-powered collectibles to next-generation reputation networks. One of the most exciting developments is the growing reach of the REKT ecosystem. Recently, an A.I.-generated REKT NFT sold...

Binance Word of The Day | 26th January 2025

26 Jan 2025 2 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

In The World Of Crypto - 25th January 2025

25 Jan 2025 2 minute read 1 comment Myxoplixx

Ronin, a popular blockchain network, is now handling three million daily transactions and has around 4.7 million monthly users. This high level of activity benefits TAMA because it can tap into an existing user base instead of building one from scra...

Binance Word of The Day | 25th January 2025

25 Jan 2025 2 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

Binance Word of The Day | 24th January 2025

24 Jan 2025 2 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

Trump and His Family Dominate the Meme Coin Space

23 Jan 2025 2 minute read 0 comments Sea.Farmer

In this past week, we got lots of surprises within the meme coin community and market. With the emergence of $TRUMP, $MILENIA, and even $BARRON, this was a really interesting event to observe and discuss. This raises some questions for myself: have w...

Binance Word of The Day | 23rd January 2025

23 Jan 2025 2 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

How To Make Money on Sony's Soneium Blockchain

22 Jan 2025 1 minute read 0 comments BreakdownFab

I recently started exploring the Sony's Soneium blockchain, and it’s been a great opportunity to earn rewards as an early user. Before I dive into the details, here’s my referral link to Kyo Finance: https://app.kyo.finance?referral=shzhY7. With an o...

My Thoughts on Current Markets-234

22 Jan 2025 5 minute read 0 comments Biologist25

When we look at the daily gold ounce chart, we maintain the trend concept above the falling channel and above the moving average. We continue upwards with a half-moon angle. 2698 is short-term trend-continuing support, trend-tracing support. Therefor...