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.

Daily btc open interest volume in our top 12 derivative exchanges

15 Aug 2023 1 minute read 0 comments QuintoTrader

  Today is on Tuesday the 15th of August 2023. The total bitcoin open interest volume stands at $13.84billion. Out of this amount,binance exchange is leading the list with a daily open interest volume of $4.2billion followed by bybit and CME with a d...

SEI and Cyber Tokens launching on Binance

14 Aug 2023 3 minute read 0 comments Smoljanović

Introduction Project 36 Sei (SEI), a layer 1 blockchain optimized for the exchange of digital assets, and project 37 CyberConnect (CYBER), a Web3 social network that enables developers to create social applications will be both be launched tomorrow a...

Binance Lists SEI and CYBER Tokens: The World’s Largest Crypto Exchange Continues to Expand

14 Aug 2023 1 minute read 0 comments COINTURK NEWS

Binance, the world's largest cryptocurrency exchange by trading volume, is set to list the 36th and 37th Binance Launchpool projects: Sei (SEI) and CyberConnect (CYBER). The listing for both altcoins will take place on August 15th, with trading start...

CyberConnect (CYBER) and Sei (SEI) tokens available soon on Binance

14 Aug 2023 1 minute read 0 comments Mirb

Binance will list two launch tokens CyberConnect (CYBER) and Sei (SEI) at 2023-08-15 12:00 (UTC) and open CYBER/BNB, CYBER/BTC, CYBER/FDUSD, CYBER/TRY, CYBER/ USDT,  SEI/BNB, SEI/BTC, SEI/FDUSD, SEI/TRY, SEI/USDT trading pairs.  Sei is the native tok...

Daily liquidation volume analysis in our top 8 derivative exchanges

13 Aug 2023 1 minute read 0 comments QuintoTrader

Today is on 14th August 2023. Our total liquidation volume stands at $32.85million. Binance is leading our list for today with a daily liquidation volume of $14.11million followed by okx and bybit with a daily liquidation volume of $9.50million and $...

Crypto w/Kamal Ep. 37 - Elephant Money Futures & NFTs w/SKCryptoK

13 Aug 2023 1 minute read 0 comments KHubbard

  In the previous edition of Crypto w/Kamal, I had an in-depth discussion with SKCryptoK on the Elephant.Money ecosystem. In this edition, we discuss the latest offerings to the Elephant.Money family of services, Futures and NFTs. Elephant Money Fut...

Exploring the Power and Potential of Binance Smart Chain

13 Aug 2023 1 minute read 5 comments SimpleSwap

  Binance Smart Chain (BSC), introduced by Binance exchange in 2020, is an innovative blockchain platform. Its developers wanted to create an ecosystem with high transaction speed and low fees. Did they succeed in their effort? Let’s find out! Binan...

Crypto w/Kamal Ep. 36 - Elephant Money Deep Dive w/SKCryptoK

13 Aug 2023 1 minute read 0 comments KHubbard

  In this episode of Crypto w/Kamal, I spoke with one of the most knowledgeable and prolific enthusiasts of Elephant.Money. SKCryptoK has published and posted countless tutorials and explainers on the ecosystem, so it was an amazing opportunity to h...

Binance First Licensed Crypto Exchange in El Salvador

12 Aug 2023 2 minute read 0 comments cryptogod-1

Good day everyone, I hope you are all well and having excellent day, welcome to CryptoGod-1’s blog on all things crypto. In this post I will be looking at the recent positive news for Binance, where it was revealed they have become the first fully li...

Cold War on Crypto Market Dominance

11 Aug 2023 2 minute read 0 comments idiosyncratic

Binance has been leading the crypto market since the early times of its debut. When it first appeared, there was a need for fresh blood as Polonex and Bittrex were not satisfying the customers in terms of the user interface, fees, and operations. How...