Binance Completes the 16th quaterly burn worth of $393 Million

[Review Master]

Binance has completed the 16th quarterly token burn of 1,296,728 BNB which are worth of appromixetly $393,673,653. The latest quarterly burn includes the actual burning of 1,291,565 BNB, plus an additional 5,163 BNB that was effectively burned via the Pioneer Burn Program.

Source: https://www.binance.com/en/support/announcement/901a3d8dec1c42bba6e0931a7e68ceba?ref=JLI1VBLA

What do fellow users think about the price movement of bnb in the upcoming days? 

[Delgboke]

Wow I think this announcement of BNB token burn will help spark up BNB value price in no distant time, anyway that's a good strategy for good growth of a Cryptocurrency project because it will also in attracting more investors that have not known about the project all this while, but in the hand I was thinking that instead of burning the token, it would have sa well organize some bounty giveaway for people like us to become holders of BNB, especially for those that don't have that opportunity to buy in the beginning of the project.

[yohananaomi]

The implementation is already on the whitepaper, and it is being carried out continuously, and to date, it has been carried out for the 26th time in January 2024 and more will follow.



This method is very effective in maintaining supply and allowing prices to continue to increase and has been proven. Currently the price is at $582, it is possible that after the halving a renewable ATH will be formed.

[Legion]

The implementation is already on the whitepaper, and it is being carried out continuously, and to date, it has been carried out for the 26th time in January 2024 and more will follow.



This method is very effective in maintaining supply and allowing prices to continue to increase and has been proven. Currently the price is at $582, it is possible that after the halving a renewable ATH will be formed.

That's right, by reducing the supply of BNB it will increase the price because it will be increasingly difficult to get BNB, therefore by providing a regular burn schedule you can increase the price of BNB even though the process is gradual.

[yohananaomi]

The implementation is already on the whitepaper, and it is being carried out continuously, and to date, it has been carried out for the 26th time in January 2024 and more will follow.



This method is very effective in maintaining supply and allowing prices to continue to increase and has been proven. Currently the price is at $582, it is possible that after the halving a renewable ATH will be formed.

That's right, by reducing the supply of BNB it will increase the price because it will be increasingly difficult to get BNB, therefore by providing a regular burn schedule you can increase the price of BNB even though the process is gradual.

This is one of the most effective ways to reduce supply so that BNB will be increasingly able to increase. Because demand will continue to flow and supplies will continue to decrease.
Yes, it is true that by scheduling accurately and completed in detail, then everything can be determined by the circumstances that might be done. This will convince investors of their good desire to stabilize supplies, and so they hope to be able to raise prices.

[pacar_tiri]

The implementation is already on the whitepaper, and it is being carried out continuously, and to date, it has been carried out for the 26th time in January 2024 and more will follow.



This method is very effective in maintaining supply and allowing prices to continue to increase and has been proven. Currently the price is at $582, it is possible that after the halving a renewable ATH will be formed.

That's right, by reducing the supply of BNB it will increase the price because it will be increasingly difficult to get BNB, therefore by providing a regular burn schedule you can increase the price of BNB even though the process is gradual.

This is one of the most effective ways to reduce supply so that BNB will be increasingly able to increase. Because demand will continue to flow and supplies will continue to decrease.
Yes, it is true that by scheduling accurately and completed in detail, then everything can be determined by the circumstances that might be done. This will convince investors of their good desire to stabilize supplies, and so they hope to be able to raise prices.

It is true that reducing the supply of BNB will provide a very good opportunity to increase the price of BNB, without reducing the supply it will make the price of BNB tend not to move and will only stagnate.