Sirwin
Sirwin

Binance Coin (BNB)

7,018 Articles 95,450 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.


Bitcoin Halving now and other news

19 Apr 2024 1 minute read 0 comments Yugocean

Bitcoin Halving Now      The Bicoin halving is almost there, yet the price of Bitcoin is behaving strangely. After the halving, miners' earnings will be halved, and mining will become more difficult. Historically, there has been a significant increas...

Binance Converts Security Funds to USDC: A Wise Move for Greater Stability?

19 Apr 2024 1 minute read 0 comments KMatt

Binance recently made headlines by converting funds from its Secure Asset Fund for Users (SAFU) into USDC, Circle's US dollar-pegged stablecoin. The SAFU fund Established in 2018, Binance SAFU is the emergency fund to protect users in the event of un...

Is Coinbase Becoming the Only Onramp for The US?

19 Apr 2024 1 minute read 2 comments Cryptofab

Did you hear that Binance FZE just got a VASP license in Dubai? This news got me thinking about the whole regulatory situation around the world. We all know crypto regulations can be a wild ride, and this Binance news in Dubai feels like a sharp turn...

New Exchanges Onboarded: Bitpanda/ DWF Liquidity Market

18 Apr 2024 2 minute read 2 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Tested and updated ENULS protocol. Assisted NTC in integrating a new Nerve cross-chain network protocol. Assisted NTC in...

18 Apr: No One KNOWS

18 Apr 2024 1 minute read 0 comments TheCryptoCurator

"The hardest thing to understand in the world is the income tax." –Albert Einstein Powered by Wubits - better than X because it's real people, real connections, and real conversations. READ Welcome to Thursday Folks! Bitcoin is trading at $61,712 whi...

WorldChain for WorldCoin and other news

18 Apr 2024 1 minute read 2 comments Yugocean

  WorldChain for WorldCoin    Sam Altman is creating a new Ethereum L2 blockchain for his cryptocurrency project Worldcoin.      The new blockchain, WorldChain, will be permissionless, open source, and governed by the community. Promoted as A blockch...

So You Think You Need a CS Degree to Work in Web3? Think Again!

18 Apr 2024 1 minute read 0 comments Cryptofab

Remember how yesterday I was raving about Binance Academy offering free courses to learn Web3 for just $4? (Seriously, check it out, it's a steal!) Well, it got me thinking – does everyone need a hardcore computer science background to land a job in...

17 Apr: HemHaw'ing About Halving

17 Apr 2024 2 minute read 1 comment TheCryptoCurator

"Find something you're passionate about and keep tremendously interested in it." –Julia Child Powered by Wubits - better than X because it's real people, real connections, and real conversations.  READ Guess what day it is Folks? HUMPDAY! Bitcoin is...

How To Become a Web3 Expert for just $4

17 Apr 2024 1 minute read 0 comments Cryptofab

I just stumbled on this crazy news: Binance Academy is teaming up with top European universities to offer accredited Web3 courses... for like $4! Apparently, they're partnering with some of the top universities in Europe – Prague University of Econo...

Bitcoin Halving: Innovation Beyond Just Money?

16 Apr 2024 1 minute read 2 comments Cryptofab

A recent Binance blog post titled "From Our CEO: Riding The Wave of Bitcoin Innovation This Halving Season" sheds light on some surprising innovations happening around Bitcoin that might challenge your perception of its purpose. While Bitcoin's origi...