$BNB the ONLY coin where you can invest in the exchange. This will be a top coin for chinese/international traders. Eventually it will only be 100M supply.
Binance has given me a serious blow 
Topic: Binance: $BNB The Future of Exchanges. - page 160. (Read 131883 times)
Binance coin, I think that BNB is getting very strong power in its own stock market. The future of BNB is absolutely brilliant. Soon we can hear more of BNB's voice in the direction of my expectations exceeding 5 dollars by the end of the year.
It is assumed that they would buy the tokens on burn day but it seems they bought them throughout the term or used bnb trade profits. Good that they actually burned these tokens though and proved it too.
False promises of Binance
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
From what I have found they are burning coins that either are collected from fees or bough at market rate. They are not as you say " burning coins which was supposed to be locked"
https://www.reddit.com/r/binance/comments/6w1xcm/binance_bnb_coin_value_analysis/dm6eibp/?utm_content=permalink&utm_medium=front&utm_source=reddit&utm_name=binance
https://www.reddit.com/r/binance/comments/76k9oa/binance_1_million_coin_burn_speculation/
So.... according to ur logic. They bought back tokens they allready received from using bnb for reduced fees? How is that buying back?? In my book thats called receiving. They didnt paid anything for it. WE PAID FOR IT!~These tokens should be burned anyway.
Also, what is the discount in fees anyway if you first have to pay for discount?? This whole thing stinks like dogshit to no extend.
Fact: they did not spend 20% of their profits!
False promises of Binance
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
From what I have found they are burning coins that either are collected from fees or bough at market rate. They are not as you say " burning coins which was supposed to be locked"
https://www.reddit.com/r/binance/comments/6w1xcm/binance_bnb_coin_value_analysis/dm6eibp/?utm_content=permalink&utm_medium=front&utm_source=reddit&utm_name=binance
https://www.reddit.com/r/binance/comments/76k9oa/binance_1_million_coin_burn_speculation/
I then would like to know how exactly is the price per bnb calculated?? I dont get it, and they should clear this up how exactly this is done.
Edit: so apparently they bought back during the whole quarter. So guess who profited from that? Daytraders....
I was allready saying one time that this coin is being daytraded the shit out of, but i got zero reactions on that. But apparently thats what happened. So we get nothin and scalpers got the profit. Nice one.
So those, like me, who noobly bought at ath's will never see our money back for quite a while.
Edit: so apparently they bought back during the whole quarter. So guess who profited from that? Daytraders....
I was allready saying one time that this coin is being daytraded the shit out of, but i got zero reactions on that. But apparently thats what happened. So we get nothin and scalpers got the profit. Nice one.
So those, like me, who noobly bought at ath's will never see our money back for quite a while.
False promises of Binance
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
From what I have found they are burning coins that either are collected from fees or bough at market rate. They are not as you say " burning coins which was supposed to be locked"
https://www.reddit.com/r/binance/comments/6w1xcm/binance_bnb_coin_value_analysis/dm6eibp/?utm_content=permalink&utm_medium=front&utm_source=reddit&utm_name=binance
https://www.reddit.com/r/binance/comments/76k9oa/binance_1_million_coin_burn_speculation/
Everthing okey on binance team is working hard but i think they have to be faster on withdraw. They are taking only good tokens and their volume going to better day by day.
I missed this coin when it was new but on the exchanges right now hopefully it will do good this coming 2018
I noticed hat the price has had no correlation to the burn, the total market cap was reduced but its a crazy market right now, until China's situation settles in terms of media attention regulations and the bitcoin fork is completed, traders are all over the place. (there could have been some buying up to the burn, since price did go up and now some quick selling. Even if no one buys BNB, it will still have value from the constant buyback buy pressure. I am holding my stack of BNB until more seasoned investors move to this space, then the price of BNB should more accurately reflex their true value, and then buybacks will definitely increase the value. Cheers.
Honoring the committment on their whitepaper, binance just burnt 1.5MM$ of BNB tokens.. thumbs up for this nice exchange, looking forward to hear news about their coming DEX.
https://support.binance.com/hc/en-us/articles/115002205552-Binance-1st-Quarter-BNB-Burn-Event
https://support.binance.com/hc/en-us/articles/115002205552-Binance-1st-Quarter-BNB-Burn-Event
Apparently the burn allready happened.... oooh and what effect does it has on the price?
ITS GOING DOWN!
what a joke.
https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52
ITS GOING DOWN!what a joke.
https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52
False promises of Binance
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
i totally agree with this. WHAT DOES BUY BACK MEAN? !!!!
I will not let binance to take this money so easily. I will be posting an article about this on steemit in some hours
False promises of Binance
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
i totally agree with this. WHAT DOES BUY BACK MEAN? !!!!
I think it looks like less than $ 1.5 million. They needed to burn more. The prize was reflected very little.
False promises of Binance
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
In the white paper and Announcement thread binance clearly mentioned they will "Buyback and burn" binance coins every quarter with the 20% of profits generated by them
What i know of buyback is that, head over to the market and use that 20% profit to buy coins.
But instead, they burned coins which wasn't even in the circulation ?
What i know is that 50% (100M) is distributed to ICO participants, 40% to founding team and 10% to angel investors. Instead of buying back the coins they burned their own holdings and took those money which was supposed to be locked for a certain period of time.
They still have the money which should have been used to buy back but they tricked us by burning the coins which was supposed to be locked.
I don't see this as Fair. They were not supposed to use those coins for that period of time.
I'm feeling good about BNB.
I bought some Binance tokens and also have good feelings about it. Bought it at high price unfortunately
The good thing with Binance is, they have a working product. It will surely drive the price of BnB in the future because the Binance exchange has been running for months already. Although they had little bumps here and there, they are still operational. With a lot of international investors backing it, I do think BnB is going to be a future 10-100x coin.
I think you are right, especially with the buy back and burning of their coin. Add this to the fact that the exchange is expanding with more coins, many will want to buy and use BNB to reduce their trading fees even further.
The good thing with Binance is, they have a working product. It will surely drive the price of BnB in the future because the Binance exchange has been running for months already. Although they had little bumps here and there, they are still operational. With a lot of international investors backing it, I do think BnB is going to be a future 10-100x coin.
Article. Bnb is mentioned to get more utilities:
https://www.linkedin.com/pulse/binance-q1-recap-changpeng-zhao/
https://www.linkedin.com/pulse/binance-q1-recap-changpeng-zhao/
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