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❕NEWS Binance has burned a record amount of BNB: 140% more

aryan4

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Crypto currency exchange Binance has completed the 14th of its BNB burn for each quarter. Accordingly, the stock market removed 3 million 619 thousand 888 BNB from circulation forever.
The amount is equivalent to approximately $ 166 million at current prices.
Do you think this transaction continues to affect BNB prices positively?
 
This news could have had a very positive impact on BNB, but it did not happen. As a result, its amount in the market decreased after this process.
 
This news could have had a very positive impact on BNB, but it did not happen. As a result, its amount in the market decreased after this process.
Oh really I have only looking at it impacting positively on BNB but all the same it isn't going to remain down let see what happens in months to xome
 
I think when i saw the news of binance burning the cryto , i was expecting the price to increase to a very large amount , but it didn't have much effect
 
I think the purpose of doing that is to control the prise at the market and maintain market balance in other to under value of BNB. Lets watch and see what will happen.
 
You we right they
I think the purpose of doing that is to control the prise at the market and maintain market balance in other to under value of BNB. Lets watch and see what will happen.
Having burnt that ammount of tokens so that they can work at it increasing the value in my opinion is what they seek to achieve.Is This not like the halving process which takes place in bitcoins?

Usually when that happens you expect the price to be unstable as their are alot of uncertainties with the investor market.
 
Im not quite sure on the topic. I read up it a while ago, but I thought I'd post the link for solid information and educational purposes

https://academy.binance.com/en/articles/what-is-a-coin-burn
Yes in simpler terms coins burning is done by developers and miners to reduce inflation or the coin from circulating.It is more less like halving just as earlier explained.And in this period their is alot of uncertainities hence the price is adjusted downwards because of negative speculation....
 
BNB is now among the top performing coins though. It never went below $200 since it skyrocketed. It may have experienced decline but it is able to get back. It made a good decision by launching BSC (Binance Smart Chain).
 
BNB is now among the top performing coins though. It never went below $200 since it skyrocketed. It may have experienced decline but it is able to get back. It made a good decision by launching BSC (Binance Smart Chain).
The binance company themselves are really improvising new strategies , just to make sure their platform reach expectations ,so I won't be suprised ,if they are making such move to develop bnb coin more and that's the plan obviously
 
The binance company themselves are really improvising new strategies , just to make sure their platform reach expectations ,so I won't be suprised ,if they are making such move to develop bnb coin more and that's the plan obviously
That's true. Besides, there are a lot of projects that are tied with Binance Smart Chain. I think it's a smart move that they joined Defi especially with Pancake Swap. It might be the EVM. There are NFTs too.
 
That's true. Besides, there are a lot of projects that are tied with Binance Smart Chain. I think it's a smart move that they joined Defi especially with Pancake Swap. It might be the EVM. There are NFTs too.
yeah I remember the nft activities ,they really advertised it then on social media and every thing was to make sure that they get more people to invest on their nft activities , all this was actually their plans and others I think
 
According to the tokenomics of BNB, there's quarterly burns inbuilt to keep the total supply in check. This will help the token remain stable in price especially during the bear season where tokens are dumping.
 
According to the tokenomics of BNB, there's quarterly burns inbuilt to keep the total supply in check. This will help the token remain stable in price especially during the bear season where tokens are dumping.
yeah most times the burn is really to put the supply in check ,and I think it have really helped the coin , because the coin have been boosting ever since they have been conducting the burns and others of the coin ,it's just been going well
 
yeah most times the burn is really to put the supply in check ,and I think it have really helped the coin , because the coin have been boosting ever since they have been conducting the burns and others of the coin ,it's just been going well
Yes BNB has been holding steady since the bear market. For a token to maintain it's value at the same market cap, burning has to be put in place. Most tokens couldn't control their circulating supply till price tanked.
 
Yes BNB has been holding steady since the bear market. For a token to maintain it's value at the same market cap, burning has to be put in place. Most tokens couldn't control their circulating supply till price tanked.
yeah some coins aren't doing that , it might seems as tho their developers don't actually place too much concern , but binance have placed more concern on the bnb project and they are burning to actually motivated investors to invest
 
yeah some coins aren't doing that , it might seems as tho their developers don't actually place too much concern , but binance have placed more concern on the bnb project and they are burning to actually motivated investors to invest
Yes I know many projects that were valuable at initial stages when they had a lower supply. However a lot has changed because the tokens are inflammatory and has risen in supply making the value dump.
 
Yes I know many projects that were valuable at initial stages when they had a lower supply. However a lot has changed because the tokens are inflammatory and has risen in supply making the value dump.
Remember coins like safemoon , moon and others , I think they were growing at the intial stage ,but I was just so suprised to see that the price really dropped so huge , but hope things changes the developers suppose to have bring new innovation
 

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