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 News / The Cointelegraph - 2 years ago
The rally in stocks could be giving Bitcoin price a boost and the crypto market could see more fireworks if the Fed confirms investor expectation that rate hikes will slow down....
Cryptocoins News / CoinJournal - 2 years ago
0xPlasma Labs’s proposal seeks to have Uniswap v3 deployed on the BNB Chain.
Uniswap could benefit from an ecosystem with nearly $1.2 billion in TVL and a large, growing user base.
The proposal is expected to go to a final governance vote in c...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
Over 6,000 Uniswap community members voted on the proposal from 0xPlasma Labs.Around 80% voted to launch the Ethereum-based decentralized exchange on BNB Chain.The 0xPlasma Labs proposal opined that the DEX would enjoy added liquidity an...
Bitcoin News / Google News Bitcoin - 2 years ago
Crypto Price Warning: ‘Global Financial Meltdown’ Could Be About To ‘Smoke’ Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana& & Forbes
Cryptocoins Exchanges / Binance - 2 years ago
Click on on the link under. Connect your Crypto pockets (I just used my coinbase). And acquire free Binance Coin (BNB) every 5 minutes. Nothing loopy, however it’s Free for the subsequent few days. https://bscflow.app/r/6068 submitted by &...
Bitcoin News / Google News Bitcoin - 2 years ago
Why A Sudden Crypto Price Surge Has Added $200 Billion To Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana In 2023& & Forbes
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and altcoins appear to have shaken off the Genesis bankruptcy news by bouncing off their immediate support levels and rallying higher. The United States equiti...
Cryptocoins News / The Cointelegraph - 2 years ago
Positive U.S. economic data initially propped up crypto and stock markets, but it appears that bulls lack the might to keep the rally rolling. The United States produc...
Cryptocoins Exchanges / Binance - 2 years ago
On January 17, cryptocurrency trade Binance introduced that it had accomplished its 22nd quarterly BNB burn, with a marked improve in burn value. Specifically, in the fourth quarter of 2022, Binance burned 2,064,494 BNB from a calculation mecha...
Bitcoin News / Bitcoinist - 2 years ago
Binance completed its 22nd burn round, removing 2.064 million BNB tokens from circulation. The massive token burn amounts to $620 million, according to the price at the time of the burn. Through these programmed burning transactions, Binance aims to...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins. Risk assets have started th...
Cryptocoins News / CoinJournal - 2 years ago
BNB worth more than $500 million have been removed from circulation, Binance announced on Tuesday.
This was the 22nd BNB burn, with data showing over 44 million BNB tokens have been cut from the total supply.
Binance launched BNB in 2017 with a maxi...
Cryptocoins News / CoinJournal - 2 years ago
BNB worth more than $600 million have been removed from circulation, Binance announced on Tuesday.
This was the 22nd BNB burn, with data showing over 44 million BNB tokens have been cut from the total supply.
Binance launched BNB in 2017 with a maxi...
Cryptocoins Exchanges / Binance - 2 years ago
To be priced at $692 in 2021 BNB went by way of $0.095 in 2017. Are individuals holding or promoting BNB proper now? As for me, I'll proceed to carry BNB and RBIF. If I have money, I'll proceed to purchase these 2 tasks to accumulate submitte...
Bitcoin News / Google News Bitcoin - 2 years ago
‘Ready To Run’—Crypto Braced For A $10 Billion Earthquake As The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Soar& & Forbes
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and select altcoins have risen above stiff overhead resistance levels, signaling that the bottoming process may have begun. Bitcoin (BTC) rose above $19,000 on...
Cryptocoins Exchanges / Binance - 2 years ago
TL;DR FNCY’s blockchain infrastructure is designed to popularize the Net 3.zero period, offering a platform and infrastructure that continues to evolve to build trust-based, scalable, cost-effective, and easy-to-use purposes. Dec, 2, 2022, FNCY laun...