Binance owns 82.69% of BNB

[MrSolo]

.... i would like to hear what you guys think...

I can assume that these wallets that the OP indicated belong to the Binsnce exchange and, accordingly, they contain BNB coins of exchange users. But in any case, a lot of coins are in the possession of the exchange team, which were released in 2017 and partially unblocked this summer.

This is what I initially though, since it's obvious that BNB has been trading in Binance so they majority of it will be on their wallet, but doesn't it mean that they own it personally? That's two different things in my opinion.

And I'm not sure where the attack or hate from the OP is coming from. I mean there are projects that hold the majority of the stakes but still people invest on them even though it's centralized.

Firstly i don't hate BNB, i was searching around about BNB and how it works and looking for potential long term success and after seeing the holding wallets i was very surprised, i understand that much of it is probably from the staking, exchange..etc, but at the end of the day Binance own wallets have 83% of the bnb, my post was to ask experienced people in the field whether or not if that can effect the price and the confidence on the coin as i'm not sure by owning that much will it effect the network.

I'm trying to imaging what if ETH or BTC had 83% of it's coins owned by one entity would they still be as successful, my prediction is probably not, but maybe because of the future adoption of crypto and the increased volume this wouldn't effect BNB's price, idk

[RussianEnglishTranslation]

Hello,

My question is knowing that binance holds more than 83% of BNB how trustworthy or long term BNB can be? i seen coins with much less percentage held by devs fall to 0, so how is BNB any different?

should i be worried of this?, people are freaked out that Satoshi holds 4.6% of bitcoin but somehow Binance holding 83% is normal?. i am a long term holder in BNB, however after finding this facts i'm reconsidering my decision. i would like to hear what you guys think

BNB top holders:
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8
0xf977814e90da44bfa03b6295a0616a897441acec
0x001866ae5b3de6caa5a51543fd9fb64f524f5478

This is a very legitmate thread and should be pinned.

[mu_enrico]

that suggests to me that the success of BNB is directly linked to how successful Binance is and will be in the future and that goes against everything that crypto stands for.

Ask 100 people and you will get 100 different answers of what they think crypto stands for, aside from the financial incentive they get from these "centralized coins." As long as the price keeps going up, who cares about the centralization and stuff? People is just care about how much money they can make.

Lemme give another example:
$ETH -> The pre-mine
$SHIB -> Vitalik got 50% of the SHIB total supply for FREE.
$USDT -> How much real USD they keep in their vault, definitely not 100%.
$XRP -> Also created from the thin air.
etc. etc.

[otundebis]

Binance undoubtedly holds more bnb than any holder,  but binance holding 82% might not be correct. The wallet you posted is hot wallet with,  bnb is moving in and out of it.  These wallet could be exchange wallet. Another thing here is that,  binance is not as decentralized as other altcoin like ethereum. Binance is more business oriented than supporting the ideology of bitcoin!

[yazher]

.... i would like to hear what you guys think...

I can assume that these wallets that the OP indicated belong to the Binsnce exchange and, accordingly, they contain BNB coins of exchange users. But in any case, a lot of coins are in the possession of the exchange team, which were released in 2017 and partially unblocked this summer.

It's really obvious that the exchange will have the highest amount of their coins since they haven't released some of it yet. Especially those coins that will gonna be sent to the burning address. I don't think to have any doubt about BNB and the Binance company right now, they are already in their long run.

They won't gonna turn the table just for their benefits except they will update their platform in the future to give their users fully convenient and user-friendly services.

If I'm not wrong, they've just burned some tokens just a few weeks ago.

[Coin_trader]

Hello,

My question is knowing that binance holds more than 83% of BNB how trustworthy or long term BNB can be? i seen coins with much less percentage held by devs fall to 0, so how is BNB any different?

should i be worried of this?, people are freaked out that Satoshi holds 4.6% of bitcoin but somehow Binance holding 83% is normal?. i am a long term holder in BNB, however after finding this facts i'm reconsidering my decision. i would like to hear what you guys think

BNB top holders:
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8
0xf977814e90da44bfa03b6295a0616a897441acec
0x001866ae5b3de6caa5a51543fd9fb64f524f5478

This is a very legitmate thread and should be pinned.

Is this sarcasm or are you serious? If you read bunch of replies above your post, You will find out that the listed address are hot wallet for the exchange. Binance is a centralized coin so usually they have fully control on all tokens that running on there Blockchain. So it's not an issue for them if they hold all the Binance user funds on a single wallet since they are using centralized exchange for the records.

[josephdd1]

Everyone knows that BNB is centralised as well as Binance Smart Chain. But people put up with that as if we look at the average crypto participant, we will see that he doesn't care a lot about centralisation and privacy, he just wants to make money on crypto.

Some crypto enthusiasts really worry about decentralisation, so they don't use BNB or Tether but the majority choose something that is more convenient.