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.

Bitcoin Price Alert For $48k Last Night And Some Crypto Talk

12 Jan 2024 1 minute read 0 comments shohana1

Image by Gerd Altmann from Pixabay Every crypto traders, bloggers, marketers and observers are talking about the bitcoin  sensational topic ETF and bitcoin halving. What I'm doing? Its too cold so I enjoyed my warm coffee inside the blanket and keep...

What exactly is India doing?

11 Jan 2024 2 minute read 0 comments Kovichni

It's been almost two years since I checked in on this topic. Back then India talked about banning what they called "private cryptos" as they launched a futures ETF for BTC and ETH (?) But they are back, with a vengeance it seems as Indian crypto user...

Binance is trying to be supportive for Indians

10 Jan 2024 2 minute read 0 comments Bala

Today something happened and I came to know that the Binance app was removed from the iOS App Store in India. I was inquisitive to understand what was the problem or if Binance was already getting kicked out of India. After some time I received an em...

SEC's Twitter Twist: Bitcoin ETF Buzz Turns Blunder – A Lesson in Financial Information Accuracy

10 Jan 2024 1 minute read 0 comments CryptoHott

In an unexpected event, the U.S. Securities and Exchange Commission (SEC), typically reliable for financial information, faced a Bitcoin ETF predicament. Here's the gist: Despite cautioning about online misinformation, the SEC's official Twitter acc...

The exponential growth of Binance Pay: +71% in one year

10 Jan 2024 1 minute read 2 comments KMatt

As we well know, cryptocurrencies as a means of payment have problems relating to the creation of infrastructures that guarantee low-commission and immediate payments, which is why to date there are still very few cases of application in the traditio...

A Human Perspective on Crypto's Balancing Act

9 Jan 2024 1 minute read 1 comment CryptoHott

Cryptocurrency, the mysterious world of digital money, raises a big question: Is it truly free from control or is there a hidden puppet master? Let's dive in to figure out what's going on in the crypto space. Decentralization Basics: Cryptocurrencies...

Albania: the state of Bitcoin before and in 2024.

9 Jan 2024 2 minute read 3 comments blockchainking

Hi, this second article in my series dives into the state of Bitcoin in Albania. The road to regulatory compliance and taxes. In 2017, the Bank of Albania expressed concerns about the regulatory framework's inability to anticipate and address the cha...

Mercari's Breakthrough: Bitcoin Payments to Hit Japanese E-Commerce in June

8 Jan 2024 1 minute read 1 comment CryptoHott

Hey there! Big news from Mercari, the cool online shop in Japan – they're adding a new feature! Starting in June, you'll be able to use Bitcoin to buy stuff on their flea market app. Yep, you read it right – you can shop with your digital coins now!...

Polygon chain

7 Jan 2024 1 minute read 1 comment CryptoEnthusiast

Polygon, which was formerly know as Matic, is a Layer 2 scaling solution for Ethereum. This is the chain on which many altcoins, including bitcones, exist on. It is intended to enhance it's scalability and reduce transaction costs. This comes with lo...

CryptoPlay: Your Ticket to Magical Gaming

7 Jan 2024 1 minute read 2 comments CryptoHott

Embarking on an extraordinary journey, the synergy between cryptocurrency and game developers is reshaping our gaming experiences. Here's a quick dive into the enchanting transformations underway: 1. Tokenization: Making In-Game Treasures Truly Yours...