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.


Big Volatility Ahead For Crypto Markets !Remontada Season For Late 2017?

24 Jul 2020 1 minute read 0 comments Tikyi Khant

What are the Hottest news for Cryptocurrencies lately?https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-sellinghttps://www.coindesk.com/banks-in-us-can-now-offer-crypto-custody-services-regulator-saysFirst,it was Facebook and Libra....

Crypto.com Coin (CRO) reaches top 10 displacing BNB

24 Jul 2020 1 minute read 0 comments CryptoTrips

The week continues quite interesting in the crypto ecosystem. Today the CRO coin managed to outperform BNB, the Binance token, how did this happen? Crypto.com Coin (CRO), is named after the new tenth largest cryptocurrency on the market, thus managin...

Binance Cryptocurrency Trading Bots

24 Jul 2020 1 minute read 0 comments SPYDER

Being an active Crypto Trader for about 3 years, I started off with trading manually, which consumed a lot of my time, and required me to enhance my trading skills. While, the latter was possible, I found it extremely hard to pull out more time, from...

Binance Lists MKR and DAI

24 Jul 2020 1 minute read 20 comments Abhi K

Binance has listed the MKR and DAI tokens, according to an announcement made on July 23. The two assets will each be paired against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD) and Tether (USDT). A Binance spokesperson said that the exchange...

CoinMarketCap Lists BNB as #1 DeFi Token, Removes it Following Backlash

24 Jul 2020 1 minute read 1 comment Abhi K

On July 23, popular market data tracker CoinMarketCap briefly listed the Binance Coin (BNB) at the top of its DeFi section, before removing it only a few hours later following public disapproval. Binance acquired CoinMarketCap in March 2020, which se...

CEX vs DEX: Which is better for consumers?(Binance and Binance DEX as examples)

24 Jul 2020 3 minute read 4 comments MadMaxx

Crypto exchanges are largely divided into two categories: Centralised exchanges(CEX) and Decentralised exchanges (DEX). Many people swear by Decentralised exchanges, and would never use a centralised one unless they were forced. And some would never...

Crazy DeFi Boom: Binance lists Maker (MKR) and DAI stablecoin.

24 Jul 2020 1 minute read 6 comments alberdioni8406

The moment of boom on the decentralized finances (DeFi), took the largest crypto exchange by volume transactions of the world Binance to list the governance token from MakerDAO, the Maker (MKR) also the decentralized stablecoin DAI. That was inevitab...

BINANCE EXCHANGE

24 Jul 2020 1 minute read 3 comments 💡Smart Crypto School💡

Lots of exchangers has been launched in the past years with different promotion and interface. I know some of you has their own favorites and strategies on how you grow your holdings. This exchanger is the most common exchange for the traders out th...

Binance moves towards DeFi: integrates DAI and MAKER while its Blockchain adds Chainlink oracles | July 23rd

23 Jul 2020 2 minute read 1 comment CryptoTrips

Binance announced the integration of the MakerDAO project governance token, Maker (MKR) and its decentralized stablecoin DAI. The initiative appears to be a step towards the decentralized finance ecosystem (DeFi) by Binance, which has also announced...

Ankr enables BNB Staking for Binance Smart Chain Testnet!

23 Jul 2020 1 minute read 0 comments Ankr Network

Binance Smart Chain enables the long awaited smart contracts integration with Binance Chain and will make it possible to run your own Validator and earn a passive income by staking BNB! In our continued partnership with Binance, Ankr is proud to anno...