Binance Confirms $32 Million BNB Coin Burn

[dark08]

Coin burning is a necessity. And good news to those who are holding BNB. BNB's price will be more valuable in the future thanks to the coin as well as the exchange floor is increasingly popular with the increasing level of users every day.

Yup this will benefits the bnb holder and also the company reputation this burning is included in their white paper its a good move for binance exchange site Im expecting that more trader will come and trying todo trading in their site low fee and fast transaction.

[kynaz]

This may be a hot news, the BNB reduced circulation of traffic will make the market hotter. A large coin trading floor, which wants to boost coin value, requires a reasonable amount of coin in circulation

At the moment all good news is important because it has a great influence on the market today. Personally I think BNB will definitely increase the price from this information but also be careful because the BNB is actually just a pump from the floor or whale, so the price can drop at any time.

[CryptoRama]

BNB coin is by my opinion the best coin idea there is, it's theirs, and it's use able, I mean, you even profit only trading with BNB, I find blockchain in those ideas. I can see it could be very valuable some day, why not...

[bamb]

Wow! You can expect serious price action that will lead to price rise of BNB! I guess I have to take position as quickly as I can. This is like sure thing, BNB value will rise exponentially!

[Lemer]

Every quarter Binance pays a fee to recover BNB，I think that's a good thing for BNB, because Binance has a lot of trading volume, so there's a lot of tokens that are recycled every year, so that makes BNB go up.

[harrypot]

Actually mining cryptocurrency is not about idea, whether it is a good idea indeed. Through banning cryptocurrency, the demand of the existing cryptocurrency can be increased. Changpang Zao, the CEO of Binance, announce that they are going to burn 2.5 millionof their BNB token worth 32 million with the aim to increase the value of remaining coins.

[markcruz5554]

They've done better than all the alts during the crash. They're one of the only tokens backed by a company making actual money.

[jonloner011]

Binance is the most popular exchange and $32 million BNB being burned is really a large amount. Seems like the coin BNB is doing great. Lets see what happens in future.

[beeelzebub]

Token burn should continue forever and price can grow with it. But they will stop it when it reached 100m which is even more than current circulating supply. Don't be greedy binance.

[mmo_online_1981]

Binance is a good project, successful! I always monitor and use for my transactions related to bitcoin and altcoin

[charlop24]

The exchange conducts coin burn every fiscal quarter. Currently, they are ready for the fourth quarter coin burn which involves around $32.7 million BNB.

https://coinpedia.org/news/binance-ceo-update-coin-burn/

This is great news for coin holders as it has a high possibility of increasing the demand and consequently the price of the coin. I've noticed, coin burn is prevalent among exchange tokens, Bitmart, COINEX to mention a few, also notified us of their intention to burn a huge chunk of their tokens.

[The Goat Master]

One year and they became a giant. Hope they will use this power and money in a good way for all participants.

[coolon]

The exchange conducts coin burn every fiscal quarter. Currently, they are ready for the fourth quarter coin burn which involves around $32.7 million BNB.

https://coinpedia.org/news/binance-ceo-update-coin-burn/

Good news, this time they burn a lot. I think this will have a positive impact on the price. A good coin for investment for a long time.

[trainer67]

This is too great information!
Good information for investors.
Burning such quantities promises coin will be more valuable and investors are more profitable then!