In my opinion price should go up after 18 October.
Let's see what happens.
Topic: Binance: $BNB The Future of Exchanges. - page 161. (Read 131883 times)
then suddenly exchange binance has become the center of attention. Sure and the holders of BnB tokens everything will be fine...
people realise, including me, they rnt gonna buy back. they allready done that. Nice waste of time for anticipation. Including seeing my profits vanish and sell for a measly profit. im so pissed of.
The calculation include BNB 50% discount but does not include the deposit/withdrawal fee which may varies from coin to coin.
When we buy and sell we pay in BNB, thus, binance will always have BNB to burn at any time.
To pay for their operation, they may need to sell off the BNB for cash. or pay staff with BNB , the staff may later have to sell some BNB to BTC to CASH in order to pay for their bills.
I wonder how the calculation of 986,000 bnb calculation is done. at what price BNB is cashed out by binance
Let do an inverse calculation of my previous calculation of 500,000 BNB
986000 BNB / 500,000 = 1.972 ratio
So total daily volume is USD 197.2 million
Does it applicable across exchange, can we determine bitfinex exchange profit base on binance profit.
price is correlated to exchange volume (indirectly correlated to BTC price). If binance trade goes up to USD400 million per day, we should expect the price of BNB to be doubled.
See how price goes after Communist party meeting.
maybe they also have some BNB with them waiting to cash out
>>
When we buy and sell we pay in BNB, thus, binance will always have BNB to burn at any time.
To pay for their operation, they may need to sell off the BNB for cash. or pay staff with BNB , the staff may later have to sell some BNB to BTC to CASH in order to pay for their bills.
I wonder how the calculation of 986,000 bnb calculation is done. at what price BNB is cashed out by binance
Let do an inverse calculation of my previous calculation of 500,000 BNB
986000 BNB / 500,000 = 1.972 ratio
So total daily volume is USD 197.2 million
Does it applicable across exchange, can we determine bitfinex exchange profit base on binance profit.
price is correlated to exchange volume (indirectly correlated to BTC price). If binance trade goes up to USD400 million per day, we should expect the price of BNB to be doubled.
See how price goes after Communist party meeting.
maybe they also have some BNB with them waiting to cash out
>>
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.
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?
Does that include the fact that the discount given for trading using BNB as fee payment decreases each year?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.Binance, we start were others stop.
Unlock the future
Start here.
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?
announcement from binance:
we buy back and burn 986,000 bnb before Oct. 18, 2017
we buy back and burn 986,000 bnb before Oct. 18, 2017
Nice find! I was wondering when they will do the buy-back and burn. It will probably drive up the price now as investors anticipate a pump, and it will pump again after the burn
so when the hell is it happening lol. Million coins is nice pump
i bough 415 bnb at 1.37.... anticipating that pump. lol. To long now lol. I thought it was saturday, realised it was sunday, still didnt happen. 
Allready glad it didnt dumped or anything..
Allready glad it didnt dumped or anything..
announcement from binance:
we buy back and burn 986,000 bnb before Oct. 18, 2017
we buy back and burn 986,000 bnb before Oct. 18, 2017
Nice find! I was wondering when they will do the buy-back and burn. It will probably drive up the price now as investors anticipate a pump, and it will pump again after the burn
announcement from binance:
we buy back and burn 986,000 bnb before Oct. 18, 2017
good news for us, we buy back and burn 986,000 bnb before Oct. 18, 2017
if the coins that burn enough to make the price of coins can be stable
announcement from binance:
we buy back and burn 986,000 bnb before Oct. 18, 2017
we buy back and burn 986,000 bnb before Oct. 18, 2017
How are the dividends paid? Various coins?
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.
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?
Does that include the fact that the discount given for trading using BNB as fee payment decreases each year? 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.Binance, we start were others stop.
Unlock the future
Start here.
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?
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.
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....
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.
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
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.
edit: FFS every time it goes up a notch it drops just as hard. FUCK, i hate this shit.
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.
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.
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?
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.Binance, we start were others stop.
Unlock the future
Start here.
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?
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.
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