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.


Singapore Crypto Association successfully implements First Blockchain Voting

2 weeks ago 1 minute read BitcoinNews.Today $0.14 tipped

Singapore Crypto Association has successfully implemented the first blockchain voting in the Annual General Meeting (AGM). The news is reported by Finews Asia. According to its report, The Association of Cryptocurrency Enterprises and Startups in Sin...

Binance Enrolls merchants program

5 days ago 1 minute read CryptoArgha $0.14 tipped

World largest crypto currency exchange binance launched their peer to peer merchants program Recently the platform launched with full forces and started it services Binance peer to peer merchants program will connect merchants fromall over the world...

Cryptos Bulls Vs Bears Today 16/01/2020

1 week ago 1 minute read Danoskie $0.14 tipped

  Hello peeps,How are you doing today?It's another day on Cryptos Bulls Vs Bears The market has gone down with about -0.5%, causing great changes in some cryptos in the market.Although the bears have taken over, some cryptos are still gaining.Does it...

Binance enables UK Faster payments scheme(FPS) and Support for AUD.

2 weeks ago 1 minute read alberdioni8406 $0.13 tipped

It's seems Binance is pursuing his desire to mass adoption of crypto and to that happen,the most bigger and innovative Exchange is increasing their Payment system to reach more customers. Binance enabled the Faster Payment Scheme (FPS)  that is a ser...

Binance to sell limited edition Bitcoin at 50% discount

3 weeks ago 1 minute read kripto sedat $0.13 tipped

  Binance to sell limited edition Bitcoin at 50% discount Cryptocurrency exchange Binance is Bitcoin's 11th. he will celebrate the year by offering a limited number of Bitcoin at a 50% discount. Cryptocurrency exchange Binance is Bitcoin's 11th. he...

Binance opens to sterling deposits

2 weeks ago 1 minute read Roberto D. $0.13 tipped

That Binance intends to encourage the adoption of bitcoins by simplifying the exchanges from fiat to crypto, and vice versa, we have already known this for several months, what we did not expect was that the exchange would come to offer sterling and...

Binance struggling with regulatory problems in Japan, the cryptocurrency exchange will block access to Japanese traders

1 week ago 1 minute read Roberto D. $0.12 tipped

The news came from yesterday and was published on the Japanese binance website, for which it is official; the cryptocurrency exchange, on the podium of the largest platforms for volumes traded globally, has communicated that it intends to limit acces...

Fnality, a blockchain-based company partnered with Enterprise Ethereum Alliance

2 weeks ago 1 minute read BitcoinNews.Today $0.12 tipped

Fnality International has recently partnered with the Enterprise Ethereum Alliance (EEF). As a member of Enterprise Ethereum Alliance, it will also work with other members to expand the blockchain technology. EEF is particularly established to advert...

Cryptos Market Today

4 weeks ago 1 minute read Danoskie $0.12 tipped

Hello peeps,How are you doing!It's another wonderful bull run on the cryptos market as most of the top 100 cryptos gain in prices or values.Earlier this month, the bearish period was doing the cryptos more harm than good by reducing their prices and...

Burger King Venezuela start accepting Bitcoin and Other Cryptocurrencies.

3 weeks ago 1 minute read alberdioni8406 $0.12 tipped

In a country where Inflaction is beating heavily the currency,the solution it seems to be recovered in crypto and the adoption is ongoing mostly because of the country's economy. News are being spreaded that the government is planning to sell their O...