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.


RUN DAY BLOG STEPN #11

14 Nov 2022 1 minute read 0 comments damorf

Welcome to all of you crypto walkers and runners! Today i have run 20 min and 30 sec, at about 5.25 min / km, doing 3083 steps, covering 3.10 km. I used 4 energies. I received 33.28 GST and a level 2 box as a reward. To unlock the box I will have to...

Crypto Bulletin - 14th Of November | Industry Suffered API KEY Leaks | Visa Terminated Agreements with FTX

14 Nov 2022 1 minute read 0 comments CryptoManthan

Recently, it has been hard to get any news apart from the fraud in the crypto industry, especially FTX. So in today's Crypto Bulletin, we will see some of the latest news revolving around the FTX saga.  1. API KEY Leaks  Adding one more catastrophe t...

BTC Daily Technical Analysis: We will Go to 10K as we Did in 2018 From 6K To 3K? / Short Opportunity on SOL & APT!!!

13 Nov 2022 2 minute read 4 comments FreedomBuilder

Longs and shorts are starting to get wise and stop trading with high leverage as the big sell-off peaks in the south are around 14.5K and in the north around 20.5K If I was a market maker and I would like to lose the majority (which will be my liquid...

Saturday Sarcasm on Sunday #16 - FFS FTX

13 Nov 2022 5 minute read 12 comments PVMihalache

What a week... what a year! How are we still mentally fit? ... and when I say "we" I mean all the multiple voices in my head. I am always worried when they are quiet... for sure they are planning something. Speaking about planning something ... it lo...

FTX’s Bankruptcy Raises 6 Questions About the Future of the Cryptocurrency Industry.

13 Nov 2022 5 minute read 6 comments ssaurel

The collapse, in a matter of days, of FTX, one of the main players in the cryptocurrency market, and the surprise, then aborted, rescue attempt of Binance have confused investors and regulators. After the deflation of the bubble and the difficulties...

Crypto Bulletin - 13th Of November | Suspicious FTT Token Supply | CZ On Being More Vocal | Kucoin Released Proof-Of-Reserve

13 Nov 2022 2 minute read 0 comments CryptoManthan

Since the past year, the entire crypto space is getting hit by consecutive events, starting from the LUNA crash which bankrupted CEX lending platforms and now we are experiencing the FTX saga, probably the worst of the events we have seen in the past...

A spike in BNB today i.e. 12 November, 2022

12 Nov 2022 1 minute read 1 comment ShabadBebe

A spike was registered in BNB on 12th November, 2022 which hit $398 and then fell down to $220. It triggered at Indian time 12:17pm (GST +5:30) and fell down at 12:20pm (GST +5:30) BNB prices rise and fall are good for traders but are raising questio...

BTC Daily Technical Analysis: The battle of the 3 titans, who will win in the end? 3 BULLS vs 3 BEARS

12 Nov 2022 2 minute read 0 comments FreedomBuilder

- The 3 Bulls: The S&P 500 up, the dollar index DXY down sharply, inflation too.VS- The 3 BEARS: BTC bottom of the last low at 17.6K, liquidations spikes at 14K and FTX crashes. Logically the dollar falls the S&P 500 with the BTC rise, but there ever...

FTX exchange was attacked by an unexperienced hacker

12 Nov 2022 1 minute read 0 comments Emilio1984

It is noteworthy that FTX exchange kankrupcy comes from an unexpected attack with the result of 600$ millions stolen. Let´s track throughout this article what has happend during last friday onwards.  As of late Friday, more than 600$ million was stol...

RUN DAY BLOG STEPN #10

12 Nov 2022 1 minute read 0 comments damorf

Welcome to all of you crypto walkers and runners! Today i have run 20 min and 28 sec, at about 5.5 min / km, doing 3074 steps, covering 2.71 km. I used 4 energies. I received 27.88 GST and a level 2 box as a reward. To unlock the box I will have to...