BNB
Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance.
Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing.
In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB.
The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance.
Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas.
Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.
Cryptocoins Exchanges / Binance - 2 years ago
My account is frozen so I can’t change or create any new orders. “Trading disabled” lol. I’m not even mad, I have all of my orders set right where I want them. I have been trading for around 6 months, and I’m playing with almost 90% house money(profi...
Cryptocoins Exchanges / Binance - 2 years ago
Today I tried to transfer my BNB from Binance to Trust wallet through BEP20 network, but the receiver wallet address I entered is a ERC-20 BNB wallet address in Trust Wallet. I could see the transaction on BscScan, and it says the transactio...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and altcoins are reaching critical support levels, but instead of buying the dip, traders are waiting to see if any bullish signals emerge. In a bearish enviro...
Cryptocoins Exchanges / Binance - 2 years ago
Hello all Since i cannot find information anywhere, I would like to know if I have my BNB in Vault (flexible) does it count towards average BNB balance? Same question for locked staking? thanks in advance submitted b...
Cryptocoins Exchanges / Binance - 2 years ago
As headline days. Bnb vault is 0.67 % apy while the staking has like 7 percent. I thought bnb vault would automatically stake the highest available profit. submitted by /u/MikeJezZ [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
Will the launching of binance NFT caused BNB coin price to spike? What is your take regarding this? submitted by /u/ZzLow96 [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
Hey, I’ve looked up guides but nowhere can I find a convert section for Binance.US. The only convert tab I can find only takes USDC and BUSD. How do I trade ETH to BNB? submitted by /u/bigthrow82 [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
Why it has to be BSC and BNB, and then show BNB in yellow and black color in Trust Wallet to make people confused? when it's both show as BNB. It makes new users confused and i would prefer to make it simple and easy to understand to everyone. I...
Cryptocoins Exchanges / Binance - 2 years ago
On May 5th I transferred a little more then 2 BNB to my Kucoin wallet and BNB was worth about 600 at the time. I sent 250 Algo a few minutes prior and received them in less than a few minutes. I'm extremely careful when transferring crypto and th...
Cryptocoins News / The Cointelegraph - 2 years ago
Traders expect further downside from Bitcoin and altcoins after BTC dropped below a key support level at $36,000. The U.S. Federal Reserve updated their inflation expe...
Cryptocoins Exchanges / Binance - 2 years ago
hi, i was able to send myself bnb to metamask, but to do so I had to send it through 2 wallets, the binance chain wallet, then to the binance smartchain wallet, then to metamask, and I hate having to deal with the trading fee. is there a way I could...
Cryptocoins Exchanges / Binance - 2 years ago
The title speak for itself ! Is it possible to pay for trading fees with BNB while using Coin-M ? submitted by /u/pattobeure [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
I want to move my BNB from Crypto.com app to binance exchange. Could anyone guide me which network to select on binance BEP2, BEP20 or ERC20. TA submitted by /u/ResponsibleLiving753 [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
Anyone want to swap the old fashion way? My pancakeswap isn't working. 1427408 $MULTI for 2.1 BNB. 0.1 cheaper then swap price. Hmu submitted by /u/SnooMacaroons3400 [link] [comments]
Cryptocoins News / CoinJournal - 2 years ago
The Dtravel platform will be powered by the TRVL token and facilitate cryptocurrency payments.
Travel booking platform Travala announced yesterday it was launching a decentralised platform for home-sharing which will provide an alternative to Airbnb....
Cryptocoins Exchanges / Binance - 2 years ago
Do you think BNB will follow Bitcoin like in the past weeks and will it stay around the 350 Dollar range or will it rise a little bit more with the NFT marketplace release on Thursday next week, maybe up to 400 Dollar if Bitcoin isn't crashing do...
Cryptocoins News / The Cointelegraph - 2 years ago
The site claims to repair "the broken relationship between hosts and guests created by existing centralized home-sharing platforms." Pro-crypto travel booking agency T...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin’s recent rejection at $41,000 could extend the current range-bound action for a few more days and altcoins are expected to follow suit. Bitcoin’s price (BTC) t...
Cryptocoins News / CoinJournal - 2 years ago
Binance Coin has dipped by 4% in the last 24 hours — is it worth buying the dip?
Binance Coin, the native token of the Binance exchange and the Binance Smart Chain, has seen a slight dip in its price down to $354. This could present an opportun...