Binance: $BNB The Future of Exchanges.

[vlad06]

When is the burn actually happening?

[1714157206]

1714157206

[Ale88]

is binance DEX? Why binance did make coin?

It's not DEX, and they made a coin in order to get commission discount for example and also to vote per the coin of the month poll. And the more the exchange increase, the more the coin increases its value as well in the long period.

[5ensei]

I was wondering the same thing, we are all waiting for binance to do the buy-back and burning! I guess people are buying some BNB coins now before the inevitable pump that follows

[FutureMill]

When is the burn actually happening?

Here: https://support.binance.com/hc/en-us/articles/115001978652-Binance-Coin-Burn-Plan-in-2017-Fall

[Shishir99]

Binance is becoming popular day by day.
Personally i like the graphics and design of Binance exchange.
Binance has features of buy back the Binance coin.
It is looking great for future.

[davidroad]

Just a simple calculation. the profit of binance in a quarter could be estimate in this formula, if considering exchange is the dominant income: P = mean(Volume(day))*0.001*90.  Volume(day) today from coinmarketcap is $ 72,330,737. Assuming this is the mean Volume each day. Thus, the P is $6,509,766 in total. 20 % of P is $1,301,953. BNB price today is $1.3. If taken this price as the mean(BNB) each day, it is likely to be 1 million BNB in all to buy back in this quarter(seriously I bet it is around 0.5-2 million BNB). There is 100 million BNB to be burnt. It might take much longer time than we have estimated. What confused me is that the profit of Binance shouldn't be just BNB(at least right now). So do they really need to buy back BNB, or just let 20% BNB in their profit burnt, which may not influence the market at all?  In conclusion, I was too optimism about their buy back speed. Really hope my estimate is totally underestimated their burning speed. Let's wait and see their performance in 5 days.

[Bonanzacoin]

well, if a million coins are gonna be bought back troughout the weeked AND burned.. The burning wont have that much effect but the buying back will. I wonder how that will work out though... people could keep setting higher prices...  

[disconnectme]

I was wondering the same thing, we are all waiting for binance to do the buy-back and burning! I guess people are buying some BNB coins now before the inevitable pump that follows

They will do that but can't just put a buy other on exchange just to avoid moving the market, most people will be surprise that what they are expecting form the buy back is not what they get, this is one thing I have noticed with most of these buy back projects. Dividend payment is the best

[Bonanzacoin]

I was wondering the same thing, we are all waiting for binance to do the buy-back and burning! I guess people are buying some BNB coins now before the inevitable pump that follows

They will do that but can't just put a buy other on exchange just to avoid moving the market, most people will be surprise that what they are expecting form the buy back is not what they get, this is one thing I have noticed with most of these buy back projects. Dividend payment is the best

can u be a bit more specific? Wouldnt buying a million or even half a million drive  it up?

[FBZ]

Im very bullish on BNB right now, there have been whales manipulating the market down, to accumulate, i watched huge sell walls popping up and dissapearing, soon huge buy walls appearing. I think it will reach 2-3$ easily within some days, because of the coin burn.

[Bonanzacoin]

Im very bullish on BNB right now, there have been whales manipulating the market down, to accumulate, i watched huge sell walls popping up and dissapearing, soon huge buy walls appearing. I think it will reach 2-3$ easily within some days, because of the coin burn.

yes, but the game is over now. It allready went to 1.48 then they manipulated back to 1.29. But over now. Walls are breaking.

[Bonanzacoin]

Btw, i has made this slogan for the slogan campaign:

Binance, we start were others stop.

Unlock the future

Start here.

[toddy47]

Btw, i has made this slogan for the slogan campaign:

Binance, we start were others stop.

Unlock the future

Start here.

I think you mean where, not were or we're.

Anyway, Binance is growing quite quickly, $80 million current daily volume which is nearly half of the market cap for the coin.
Will this mean when Binance reaches 500 million daily volume we may see a billion dollar market cap for BNB? Who knows?

[nominee]

Btw, i has made this slogan for the slogan campaign:

Binance, we start were others stop.

Unlock the future

Start here.

I think you mean where, not were or we're.

Anyway, Binance is growing quite quickly, $80 million current daily volume which is nearly half of the market cap for the coin.
Will this mean when Binance reaches 500 million daily volume we may see a billion dollar market cap for BNB? Who knows?

That's the main aim of BNB investors. By having BNB tokens, we have the opportunity to make our exchanges fees very cheap and get the futur with it! I strongly believe the platform will achieve many targts including being the first one on the list in terms of market cap.

[kronos123]

The calculations are correct but refer to the values ​​this week, this month.
Binance exchange has been around for about 3 months and is steadily in the top 10 exchanges worldwide, but every month new coins are added, and the total market is getting bigger, increasing the total value more and more and more money entering the crypto world.
That's why an exact calculation can never be done, but users who use binary exchange are very happy because they have low fee, support and fast withdrawal, and it will continue to grow unlike other exchanges ..... in all of this token or BNB currency will follow the growth of the exchange.

[sihat]

assume $100 million daily volume. 1 quarter is 120 days ,  0.0005% exchange commission,  profit rate = 20%

total revenue per quarter 12,000,000,000
Total commission :- 6,000,000 (gross revenue for binance per quarter)
Assume: 50% profit for operation.
Net profit = 3,000,000
20% for BNB buy back = USD600,000.

USd600,000 / (average BNB token price = USD1.2) = 500,000 token
So that no of BNB token 100 mil - 0.5 million = 99.5 million

Assume over each quarters, revenue grow, BNB price increase, i think, the max quarterly coin burn will be
around 1-2 million BNB token. Assume 2 million,
50/2 = 25 quarters = 25/4 = 6.25 years to complete finish burning.

Btw, i has made this slogan for the slogan campaign:

Binance, we start were others stop.

Unlock the future

Start here.

I think you mean where, not were or we're.

Anyway, Binance is growing quite quickly, $80 million current daily volume which is nearly half of the market cap for the coin.
Will this mean when Binance reaches 500 million daily volume we may see a billion dollar market cap for BNB? Who knows?

[davidroad]

The calculations are correct but refer to the values ​​this week, this month.
Binance exchange has been around for about 3 months and is steadily in the top 10 exchanges worldwide, but every month new coins are added, and the total market is getting bigger, increasing the total value more and more and more money entering the crypto world.
That's why an exact calculation can never be done, but users who use binary exchange are very happy because they have low fee, support and fast withdrawal, and it will continue to grow unlike other exchanges ..... in all of this token or BNB currency will follow the growth of the exchange.

True. According to the white paper,  listing new assets on the platform should also bring considerable profits. As a "brokerage" in crypto world, there is always a positive expectation as long as the exchange size expand.  

[Bonanzacoin]

Pumping is starting... seems like it.  15 cents up.


edit: FFS every time it goes up a notch it drops just as hard. FUCK, i hate this shit.

[MiBambino]

Pumping is starting... seems like it.  15 cents up.


edit: FFS every time it goes up a notch it drops just as hard. FUCK, i hate this shit.

Swing trade, my friend, you can make a lot of money

[Bonanzacoin]

Pumping is starting... seems like it.  15 cents up.


edit: FFS every time it goes up a notch it drops just as hard. FUCK, i hate this shit.

Swing trade, my friend, you can make a lot of money

yeah i did that the last time...  took a 20 cent  swing, then it  went up 40 cent more....