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.


Binance Word of The Day | 20th March 2025

20 Mar 2025 1 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

Chainlink underwent a quarterly token unlock

19 Mar 2025 1 minute read 1 comment Keith Thuerk

Chainlink underwent a quarterly token unlock   Quarterly Chainlink Token Unlocking The Blockchain oracle service known as LINK unlocked of 19 million or new tokens which at the time were worth $262 million. This is part of standard three month releas...

The Binance Labs Investment Observer - Real World Assets on Plume Network

19 Mar 2025 1 minute read 0 comments Cryptonator`s

If you are deep in crypto, you know one thing: when Binance Labs (now YZi Labs) moves, you pay attention. Their investments are not just about funding; they are signals. Signals that something big could be coming. And if you are here for airdrops, l...

I Sold My CAKE—Here’s Why

19 Mar 2025 1 minute read 2 comments BreakdownFab

Yep, I did it. After watching CAKE skyrocket over 40% in the past 24 hours and nearly 70% in a week, I knew it was time to make a move. The pump has been insane, but let’s be real—it won’t last forever. Why CAKE Pumped So Hard: PancakeSwap’s Trading...

Binance Word of The Day | 19th March 2025

19 Mar 2025 1 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

Aiden Labs & RuneMine: Pioneering the Future of AI and Bitcoin in Web3

18 Mar 2025 1 minute read 0 comments Mahoony

The blockchain revolution is accelerating, and two groundbreaking projects—Aiden Labs and RuneMine—are leading the charge. Both are pushing the boundaries of innovation, leveraging AI and Bitcoin technology to create new opportunities in the Web3 spa...

Binance Word of The Day | 18th March 2025

18 Mar 2025 1 minute read 0 comments Oivas

Word of the Day | Binance I don’t need to introduce Binance, so I’ll skip that part. However, it is worth talking about what Binance is doing. The largest crypto exchange in the world is ensuring that we don’t just have fun trading and doing business...

[ENG/ITA] I'm a Top 50 GIFU Hodler (on Hive Engine)! Another Good Arbitrage for 25 HIVE and 100.000 GIFU

17 Mar 2025 4 minute read 2 comments Arc7icWolf

La versione italiana  si trova sotto quella inglese  The italian version  is under the english one  I'm a Top 50 GIFU Hodler (on Hive Engine)! Another Good Arbitrage for 25 HIVE and 100.000 GIFU     It has been a few months since my last post abo...

MGX Spends Sponsorship on Binance in Historic Investment: A Strategic Move in the Crypto Space

17 Mar 2025 2 minute read 0 comments KMatt

In a trailblazing move that highlights the growing harmony between mainstream finance and the world of crypto, MGX, a dominant investment firm boasting a stellar track record of successful investments in high-risk endeavors, has joined forces with Bi...

Big Money Moves: Binance Bags $2B, Starknet Eyes Bitcoin

17 Mar 2025 1 minute read 0 comments Roughcore

Abu Dhabi just dropped a cool $2 billion on Binance, marking the exchange’s first institutional investment - and the biggest one in crypto history. The UAE has long been a stronghold for Binance, with 20% of its workforce based there. CEO Richard Ten...