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.

What is BNB Chain (BEP-20) and How is it Different from Ethereum (ERC-20)?

2 hours ago 1 minute read 0 comments Hodlnaut

Binance Chain is a decentralized exchange developed by Binance. It uses the delegated proof-of-stake to provide users with a secure trading platform. Binance Chain was designed to provide Binance's users with a high-performance blockchain that can qu...

You Can Now Mint Your Own NFTs on the Binance NFT Marketplace!

4 hours ago 2 minute read 0 comments Cryptonator`s

The Binance NFT Marketplace has just announced a new cool feature. You can now mint your own NFTs on the Binance Smart Chain or on the Ethereum network in a few simple steps. Let me explain what the requirements are and how it works. First of all, y...

Binance Margin Trading in 4 Simple Steps

4 hours ago 1 minute read 0 comments EverythingBlockchain

Binance Margin Trading grants eligible users access to funds from the Binance Exchange for use in leveraged trades. Experienced traders looking to increase their buying power can use the Margin trading feature to amplify potential returns on long or...

How Much Can You Earn By Trading?

16 hours ago 3 minute read 1 comment Cryptofab

As the Crypto market is bearish, we all dream of beating the market. However, as you have probably noticed, this dream is counterproductive. In a bear market, the more you trade, the more you lose... Unless you are a very experienced trader (or you a...

Bitcoin: The sooner the better! Correction is inevitable

19 hours ago 1 minute read 0 comments Eddyc

      Greetings Friends; In a way the charts showed a rise to 23K and a possible fall to 18K again but the market didn't have enough strength to boost prices. So the next correction range is between 18K to 10K and we can work with variation ranges f...

Binance recruit celebrities' to try and increase awareness about Web3

22 hours ago 1 minute read 3 comments Patch

Binance has recruited both Ronaldo the football player and Khaby Lame of Tiktok fame. Binance is looking to increase awareness about Web3 Both Ronaldo and Khaby Lame have been recruited by Binance in an attempt to spread awareness about their Web3....

How Binance helps Ukraine

30 Jun 2022 1 minute read 0 comments Cryptotexty

Back on February 27, 2022, Binance announced that it had allocated at least $10 million for humanitarian aid in Ukraine through its Binance Charity Fund. Several months have passed and it's time to see how exactly these funds were used. By the way, i...

ETH, BNB, LUNA and AVAX | Chart Analysis | Most Important day of The Month | 30 June

30 Jun 2022 1 minute read 1 comment Joao16

For more content like this tip me if you can! thank u :)   Ethereum Analysis ETH has been holding above 1000 dollars, if he manages to not break at least for now we could have a tiny Bull Market, ofc BTC has to hold above 20K too.     LUNA Analysis...

Binance Song Competition

29 Jun 2022 1 minute read 0 comments Yugocean

    Binance has been running a Twitter competition for songwriters. Starting on June 24, the contest is still being promoted and people are still being encouraged to enter it, it appears that Binance did not receive enough songs. The Competition   ...

Financial Times Crypto June 29th - radio silence!! the dogs that didn't bark redux, plus hate for the FT's biased "market data"

29 Jun 2022 4 minute read 6 comments Dave Sawyer

Blockchain babies, we adore you!  Cypherpunkers, we carry a torch for ya that will never go out!! Cryptocoiners, we love you!!  And together we adulate the "strong like ox" Publish0x for bringing us together!  The opposite of the FT's feelings for cr...