Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: vaysar on January 20, 2021, 08:49:06 AM
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Binance cryptocurrency exchange held its 14th quarterly round of redemption of utility tokens using part of the funds from the company's profits. The purchased digital currency was burned in the amount of $165.8 million - a new quarterly record.
Despite the destruction of 3.619 million BNB, their number in free circulation has increased due to the unblocking of 16 million BNB credited to the accounts of the Binance team. The exchange thus rewards investors and employees, according to the terms of the release of the Binance Coin cryptocurrency.
A source: https://cryptor.net/news/centralizovannyy-link-pervaya-licenziya-na-igrovoy-token-v-yaponii-rekordnoe-unichtozhenie
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3,619 million BNB coins burned and this is just a price hike from Binance, incredible.
I didn't expect this because Binance was very consistent with what Cz had said before.
If Binance continues to burn its coins then I make sure the coin supply is low and the prices are high.
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Even if you put the Binance coins burned, it can create new exchanges such as personal or P2P exchanges on Binance.
Binance coin burning has been around since the first time you created a whitepaper for the Binance project and until now Binance is still consistent in burning its coins.
I think so far I have to fully understand what happened to the Binance coin because one day it might also be side by side with Ethereum in numbers 2 and 3 Coinmarketcap .
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Burning coins always impacts on the price of coin. Because it burned coins forever from the total supply. A low supply always impacts on the price of the coin.
This burning mechanism is a technique for growing the price of coin.
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The Binance exchange is making the launch pad for the Barcelona coin. Other exchanges are also listed with Barça tokens, but the launchpad of the binance exchange still attracts attention, causing the Bnb price to rise. There has been a recent coin burning incident. Bnb can set a goal of $ 1 thousand with this trend.
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Burning coins always impacts on the price of coin. Because it burned coins forever from the total supply. A low supply always impacts on the price of the coin.
This burning mechanism is a technique for growing the price of coin.
In the long term, of course, burning has a positive effect, but in the short term, I did not notice a strong impact on the price. Given that the flaring will continue, and the popularity of BSC will continue to grow, we can say that this is one of the most promising coins to date.
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Continuing the information, when this news was published in 2021, it continued to be carried out periodically, and indeed, burning occurred. For the details I received from the news via the site at this link:
BNB BURN (https://bnbburn.info/)
(https://i.imgur.com/u85Fvut.png)
(https://i.imgur.com/NuTQek2.png)
Of course, this will continue and will strengthen BNB, which can continue to contribute.
Do you believe that? will be able to strengthen the price of BNB!!
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Continuing the information, when this news was published in 2021, it continued to be carried out periodically, and indeed, burning occurred. For the details I received from the news via the site at this link:
BNB BURN (https://bnbburn.info/)
(https://i.imgur.com/u85Fvut.png)
(https://i.imgur.com/NuTQek2.png)
Of course, this will continue and will strengthen BNB, which can continue to contribute.
Do you believe that? will be able to strengthen the price of BNB!!
BNB will continue to burn up the available supply and with what is being done currently, it is hoped that BNB will become very expensive someday. The coin price can be expensive but still has very cheap transaction costs, that is the advantage of BNB. BNB also has a fairly stable network and never goes offline.
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BNB will continue to burn up the available supply and with what is being done currently, it is hoped that BNB will become very expensive someday. The coin price can be expensive but still has very cheap transaction costs, that is the advantage of BNB. BNB also has a fairly stable network and never goes offline.
That's right, BNB will continue to do that. That way at least BNB has the opportunity to become very expensive because of course the supply of BNB will decrease and it will become more difficult to get BNB. So far BNB prices have become expensive.