Fellow Binancians,
In accordance with our whitepaper, Binance will adjust the discount rate that can be applied to trading fees using the BNB token. The BNB discount rate will be adjusted from 50% to 25% at 2018/07/20 4:00 AM (UTC), as per the excerpt from our whitepaper below.
| 1st Year | 2nd Year | 3rd Year | 4th Year | 5th Year | |
| Discount Rate | 50% | 25% | 12.5% | 6.75% | no discount |
Additionally, to show our appreciation for the continuous support received from our users, Binance will introduce a new Tiered Trading Fee Discount Program starting (and applicable) from 2018/07/21 01:00 AM (UTC), detailed in the table below:
| Tier | BNB Balance | Past 30-Day Trading Volume | Maker | Taker |
| General | 0 BNB | <100BTC | 0.100% | 0.100% |
| VIP 1 | 50 BNB | ≥100 BTC | 0.090% | 0.100% |
| VIP 2 | 200 BNB | ≥500 BTC | 0.080% | 0.100% |
| VIP 3 | 1,000 BNB | ≥4,500 BTC | 0.070% | 0.090% |
| VIP 4 | 2,000 BNB | ≥10,000 BTC | 0.060% | 0.080% |
| VIP 5 | 3,500 BNB | ≥20,000 BTC | 0.050% | 0.070% |
| VIP 6 | 6,000 BNB | ≥40,000 BTC | 0.040% | 0.060% |
| VIP 7 | 9,000 BNB | ≥80,000 BTC | 0.030% | 0.050% |
| VIP 8 | 11,000 BNB | ≥150,000 BTC | 0.020% | 0.040% |
Program Rules:
Taker: When you place an order that is immediately filled in its entirety (for example a market order) you are a “taker,” and you pay a “taker” fee for this. The idea is that you are “taking” the price you want, right now, generally by buying or selling limit orders sitting on the books.
Maker: When you place an order that doesn’t fill immediately (for example a limit order far from market price), you are a “maker,” and you can expect to pay a reduced “maker” fee for this. As noted above, this terminology comes from the fact that placing limit orders on order book helps to “make the market,” (it makes you a “market maker”).
Thanks for your support!
Binance Team
2018/07/19
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