BNB always Burn

[kevindjunaidi]

Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?

to make the supply from BNB not circulating too much in market and indeed BURN will make the possibility of BNB price to increase, so in my opinion this has a very positive impact for BNB investors, because the price of BNB can increase very high and of course it will provide a big profit for BNB investors.

[kram31]

Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?

If there is burning happen in the coin that means aside from the price value will increase, I think inflation is one of the reason why they're doing it as well. These are the only factors I saw for now in BNB, and this is an advantage as well for the fanatic holders of BNB expect the positive things happen in the future.

[sayaya17]

With the burning of BNB coins, many traders and investors are switching more nowadays to BNB, of course,
because they all want to make a profit, because it is certain that prices are increasing. Now that BNB prices are rising,
it's very profitable for those who already held this coin in the early days.

[Republikcoin.com]

Everything was explained when Binance sold BNB via ICO in its Whitepaper. Binance plans to buy back then burn the coin up to 100 million BNB. They use 20% of the profits made by Binance to buy BNB in the market. The BNB target Binance will burn is 100 million BNB
The aim of the BNB burn is to give this coin a higher value, and to avoid inflation. There have been 15 times the burning of BNB coins to date.

[yazher]

the increase is pretty good, on coinmarketcap, we can see the BNB price increase in the last 24 hours around 20%. When Binance burns, BNB price increases can be seen quickly. this led me back to holding BNB for a long time. I think there will be a lot of things that make BNB have such a high value at the moment.

I think the reason is they are really increasing the price by burning it and by reducing the total supplies, it will attract for people to hold their BNB and to attract more investors to buy it as well. Binance has the best strategy of all time that the other exchanges could get if they also want to succeed in their project and to get some high price by doing it. Because having a large amount of coins is useless when there are only a few investors who tried to hold it.

[Dexion]

to make the supply from BNB not circulating too much in market and indeed BURN will make the possibility of BNB price to increase, so in my opinion this has a very positive impact for BNB investors, because the price of BNB can increase very high and of course it will provide a big profit for BNB investors.

BNB sees this opportunity to increase by burning their coins so that the supply in the market decreases, BNB is smart about reading the market situation amid increasing BNB demand, they move quickly so that the price of BNB remains stable.

[Blitzboy]

To stop the coin from inflation of course. This movement also stablize the demand and supply price as well as the liquidity. They have already mentioned this in their roadmap and thus, it is one of the main reason why binance recently increase its price