Binance Coin (BNB)

302 Articles 172 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 futures exchange raises $150million in beta

11 Sep 2019 1 minute read CryptoArgha $0.14 tipped

Binance is world's largest cryptocurrency exchange in terms of daily volume Recently binance labs announced that they will launch a bitcoin futures exchange on their platform soon After this tweet by CEO of Binance The traders abd binance lovers took...

The Binance Summary News That You Can’t Miss

10 Sep 2019 1 minute read Rubika Ventures $0.33 tipped

Binance always keeps his community active much more than the other exchanges. That factor can be seen in the report we made days ago. Now let me tell you some past news and others for these days that could change the course of your life as a trader o...

Now monitoring malicious whale addresses is a reality thanks to the new Whale-alert tools.

10 Sep 2019 2 minute read daniejjimenez $0.75 tipped

It is widely known the criminal use that Bitcoin (BTC) is being subjected to in recent years by malicious organizations or hackers that steal funds and then move them through unknown addresses and then 'launder' the stolen bitcoins in any exchange of...

Famous Turkish economist Erkan Oz interviewed the CEO of Binance, Changpeng Zhao!

9 Sep 2019 1 minute read Sedat34 $0.22 tipped

Famous Turkish economist Erkan Oz interviewed the CEO of Binance, Changpeng Zhao!   Renowned economist Erkan Oz interviewed Changpeng Zhao (CZ), CEO of Binance, the world's largest cryptocurrency exchange. In an interview published in Hurriyet, Zhao...

Binance bitcoin futures about to rival bitmex

9 Sep 2019 1 minute read CryptoArgha $0.13 tipped

Binance is currently world's largest cryptocurrency exchange in terms if daily volume generated from the platform Recently Binance CEO announced that binance will launch a Bitcoin futures Exchange and option on Binance platform This will help trader'...

[Korean] Curate Bitcoin 09/08/2019 by dobobs

9 Sep 2019 2 minute read dobobs $0.11 tipped

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. https://ci3.googl...

New Binance Exchange is About to Open in United States

8 Sep 2019 1 minute read Stahn C. Aileron $0.21 tipped

It seems that being the best on the other half of the world may not be enough for Binance as they've just announced the soon launch of their new trading platform. This time, however, it's in the United States. The company is currently the biggest cry...

Binance Collects Donations to help Hurricane Dorian victims

8 Sep 2019 1 minute read CryptoArgha $0.03 tipped

Worlds largest cryptocurrency exchange binance recently announced they will raise funds in cryptocurrency as Donation for the Hurricane Dorian Victims Recently Binance Foundation opened a Donation Charity to collect funds for the hurricane dorian aff...

If all Bitcoin will Mined what next ?

7 Sep 2019 2 minute read Cryptoram $0.23 tipped

First of all miners they mine new bitcoins while they are securing the network and processing transactions when you really think about the role of the Bitcoin miner they are basically securing the network and for that they get compensated a big part...

[Korean] Curate Bitcoin 09/05/2019 by dobobs

6 Sep 2019 2 minute read dobobs $0.04 tipped

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. https://ci3.googl...