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.


The Rise of the IEO

29 Apr 2019 5 minute read D man $0.59 tipped

 What is an IEO? IEO stands for „Initial Exchange Offering“ and is the most significant emerging trend in the crypto markets at the moment. IEOs are basically token sales like ICOs (Initial Coin Offerings) with one fundamental difference. The token s...

Binance asking 0% fee over XTZ staking rewards. An issue?

9 Dec 2019 2 minute read Allen Walters $0.59 tipped

Tezos is a smart contract platform. The Tezos' blockchain uses a PoS consensus mechanism called LPoS. Holders of XTZ can bake or delegate their coins and earn PoS rewards. People running a node, are called bakers. People who don't want to run a node,...

BTT goes up to +800% after ICO token sale

6 Feb 2019 1 minute read Menda $0.56 tipped

Just a quick update on the project BTT goes way up after the launch on Binance last week The BTT ICO on Binance was a huge success, it was sold out in a matter of minutes after it's launch. About 36 billion BTT were sold in 15 minutes. Starting at $0...

Binance launches the beta test on android devices for users residing in the US

4 weeks ago 1 minute read Roberto D. $0.55 tipped

Yesterday, Binance, one of the main exchanges on the market, announced the launch of beta tests for its Android app; the news was launched via twitter, the new android application for cryptocurrency trading will be tested with the support of a select...

NCASH WILL FLY

19 Apr 2019 1 minute read dominicorleone $0.55 tipped

Good morning, afternoon, night wherever you are and when you read thisThis time I am a little review of this movement from NCASHIf seen in Daily, NCASH has experienced a lot of decline and is good enough to be collected for the long termFor the buy...

Best Places for Trading Bitcoin and Cryptocurrencies

22 Jul 2019 23 minute read Jimmy D [Trybe.One I Upliftnation.io] $0.53 tipped

Bitcoin and cryptocurrencies have become all the rage of late.  Well, to be completely honest, all the rage for quite some time for those in the know.  Considering what happened in the bull run of 2017, I suspect when price action kicks off again, th...

Bitcoin Cash's CEO Released a New Exchange Platform to Compete with Coinbase and Binance

4 Sep 2019 1 minute read Stahn C. Aileron $0.53 tipped

The Announcement Bitcoin.com, one of the most trusted cryptocurrency website has just announced a new project that will change the competition among crypto exchanges. Bitcoin Cash's Roger Ver has just confirmed recently the launch of their new exchan...

My Photos from Okex Tech Week few days ago

10 Oct 2019 1 minute read kingscrown $0.52 tipped

last week for small vacation and also on Okex Tech Week on Delta Summit conference. We had there plenty speakers on main scene and also plenty event and speaks on smaller ones. Whole event was for the first time made and sponsored by Okex exchange. I...

Binance announces the end of update, business will be back to normal and new promo launched

16 May 2019 1 minute read Mamaecrypto $0.51 tipped

Looks like Binance is ready to put the recent Hack event behind and move on as the bull market kicks in. The exchange performed a series of updates to enhance the security of the platform. And today, after extending their update for an additional 2 h...

CryptoRobotics Exchanges

15 Nov 2019 1 minute read CryptoRobotics $0.46 tipped

Changing or choosing a cryptocurrency exchange is not an easy decision. Therefore, we updated the statistics for you: we defined the liquidity, the number of currency pairs and the exchange conditions on each exchange on CryptoRobotics platform: 💎CEX...