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 Word of The Day | 10th January 2025

10 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...

A Step-by-Step Guide to Swapping Crypto Across BNB & Ethereum networks.

9 Jan 2025 2 minute read 0 comments TradeSta.io

The world of cryptocurrency trading is expanding, and so are the possibilities. However, swapping crypto across networks can still feel daunting for many users. TradeSta simplifies this process, making cross-chain swaps seamless, secure, and cost-eff...

Binance Word of The Day | 9th January 2025

9 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 | 8th January 2025

8 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...

People went crazy about $PEPE coin - Why?

7 Jan 2025 1 minute read 1 comment Eki

As I promised myself I established new (old) exchange, my lovely Binance - because nobody from p0x community did not helped me find another one 😂 (Btw, y'all can join and get some benefits) https://www.binance.info/activity/referral-entry/CPA?ref=C...

In The World Of Crypto - 7th January 2025

7 Jan 2025 2 minute read 0 comments Myxoplixx

  The crypto market is kicking off 2025 with remarkable momentum, as Bitcoin surpasses the $100K milestone and institutional interest in digital assets continues to surge. The total cryptocurrency market cap now stands at $3.64T, up 2.02% over the l...

Dollar-Cost Averaging Into Mid-Cap Memecoins

7 Jan 2025 3 minute read 0 comments Sapphire Crypto

Relativity Mid-cap memecoins tend to be valued in the tens of millions of dollars regarding market capitalization. Perhaps, even $100 million or more. Blue chips tend to be in the billions of dollars. Then there are the more speculative memecoins, ra...

Binance Word of The Day | 7th January 2025

7 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 | 6th January 2025

6 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...

BNB may reach to $1000!

5 Jan 2025 1 minute read 0 comments Nayim

BNB to $1000? 🔥 The Rumors Are Flying!   An unofficial source suggests that Binance Coin (BNB) might skyrocket to $1000 in the coming months! 🚀 With Binance's expanding ecosystem, increased utility, and market growth, this prediction is turning hea...