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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.


FT crypto watch!!! Sept 9th, baby!!!

9 Sep 2022 6 minute read 7 comments Dave Sawyer

Crypto people, we are serious, we love you.  We got it bad for you, can't help but carry that torch.   Our drink bubbles up when you walk by.  Your every click on the Jorge Luis Borge infinite library that is the Publish0x lifts humanity to the stars...

BTC Daily Technical Analysis: Bullish Signals on Short Term / More Than 9K BTC Arrived Today on Exchanges / Whales Hunting for Liquidity

9 Sep 2022 1 minute read 0 comments FreedomBuilder

Another 9K BTC which have just arrived on the exchanges today, in the majority of cases it's to be sold.     Traders with high leverage have calmed down, and now the first big spikes in liquidation are within +or- 10% of price either north or south,...

Binance Launches The Binance Account Bound Token $BAB as Proof of KYC Verification

9 Sep 2022 2 minute read 17 comments Cryptonator`s

Today, Binance is launching the Binance Account Bound Token that functions as proof of KYC verification. Binance calls this special type of token Soulbound Token. Let's check it out. Binance Account Bound Token $BAB The Binance Account Bound token w...

My Experience With Stronghands Money

8 Sep 2022 3 minute read 1 comment The DeFi Prince

Welcome back to my humble blog! Today I will be discussing my experience with the Stronghands Money protocol on Cronos, and its different components. In my personal opinion, this project has amazing potential due to its die-hard community, relentles...

Daily Technical & Fundamental Analysis: Will we have a bullish recovery on the BTC and the S&P 500 at least in the short term? or is it just a technical rebound to trap the shorts?

8 Sep 2022 1 minute read 0 comments FreedomBuilder

The Bitcoin Balances on Exchanges is positive today with more than 6K BTC over the last 24 hours, a possible massive sale to come to liquidate all Longs at the bottom of 17.6K and possible even lower.     The 18.5K has held up well as support and fo...

JumpTask - Let's Talk About It

8 Sep 2022 4 minute read 18 comments Thomas Wolf

With the ongoing bear market, I’ve been looking for diamonds in the rough.  I believe I have found one that can benefit just about anyone.  Meet JumpTask and their native token JMPT. “Financial peace isn't the acquisition of stuff. It's learning to l...

Binance will start auto converting your Stablecoin to $BUSD

8 Sep 2022 1 minute read 22 comments Patch

Binance recently announced that they will start auto-converting some of your stablecoins into $BUSD. Is it a powerplay or simply something that makes sense? When will the autoconversion start? Binance has announced the autoconversion of users' exist...

Binance: The Centralized Exchange Taking Centralization to a New Level

8 Sep 2022 3 minute read 1 comment Cje95

Binance has for years now been the target of various regulators across the world. Over the last few months though it has at least appeared that the page had turned since they were working with regulators and getting licenses that they needed. With Bi...

Why is Binance removing stablecoins?

7 Sep 2022 1 minute read 0 comments Justufak

Binance, one of the largest crypto exchange platforms with its CEO and founder being Changpeng Zhao, has decided to remove three biggest stablecoins USDP (Pax Dollar), USDC (Circle USD) and TUSD (True USD). What about the owners of those crypto who o...

JMPT token is having a consistent increase in value

7 Sep 2022 2 minute read 0 comments Bala

Jump Token is on Binance smart chain and I came to know about this token through Honey Gain. I have been using Honey Gain for over a year now. It is a passive income-generating thing for our mobile and laptop devices. All we have to do is just let it...