Binance: $BNB The Future of Exchanges. - page 161.

5ensei

full member

Activity: 728

Merit: 103

Quote from: Pete550 on October 15, 2017, 01:16:52 AM

announcement from binance:
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 Grin

Sungoku

sr. member

Activity: 462

Merit: 257

Quote from: Pete550 on October 15, 2017, 01:16:52 AM

announcement from binance:
we buy back and burn 986,000 bnb before Oct. 18, 2017

good news for us,
if the coins that burn enough to make the price of coins can be stable

Thomasbb

newbie

Activity: 8

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https://support.binance.com/hc/en-us/articles/115002096072-Binance-Coin-Burn-in-2017-Fall

Pete550

newbie

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announcement from binance:
we buy back and burn 986,000 bnb before Oct. 18, 2017

Netzcrypto

newbie

Activity: 32

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How are the dividends paid? Various coins?

toddy47

full member

Activity: 210

Merit: 101

Quote from: sihat on October 12, 2017, 09:59:10 PM

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.

Quote from: toddy47 on October 12, 2017, 04:53:15 PM

Quote from: Bonanzacoin on October 12, 2017, 04:36:10 PM

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?

Does that include the fact that the discount given for trading using BNB as fee payment decreases each year?

Bonanzacoin

full member

Activity: 308

Merit: 102

Quote from: MiBambino on October 13, 2017, 01:50:44 PM

Quote from: Bonanzacoin on October 13, 2017, 08:15:48 AM

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....

MiBambino

sr. member

Activity: 644

Merit: 252

IMUSIFY - Award Winning Blockchain Music Tech

Quote from: Bonanzacoin on October 13, 2017, 08:15:48 AM

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

full member

Activity: 308

Merit: 102

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.

davidroad

newbie

Activity: 3

Merit: 0

Quote from: kronos123 on October 12, 2017, 05:26:10 PM

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. Grin

sihat

jr. member

Activity: 34

Merit: 2

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.

Quote from: toddy47 on October 12, 2017, 04:53:15 PM

Quote from: Bonanzacoin on October 12, 2017, 04:36:10 PM

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?

kronos123

sr. member

Activity: 1022

Merit: 391

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.

nominee

sr. member

Activity: 281

Merit: 250

Quote from: toddy47 on October 12, 2017, 04:53:15 PM

Quote from: Bonanzacoin on October 12, 2017, 04:36:10 PM

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.

toddy47

full member

Activity: 210

Merit: 101

Quote from: Bonanzacoin on October 12, 2017, 04:36:10 PM

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?

Bonanzacoin

full member

Activity: 308

Merit: 102

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

Binance, we start were others stop.

Unlock the future

Start here.

Bonanzacoin

full member

Activity: 308

Merit: 102

Quote from: FBZ on October 12, 2017, 04:22:45 PM

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.

FBZ

newbie

Activity: 32

Merit: 0

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

full member

Activity: 308

Merit: 102

Quote from: disconnectme on October 12, 2017, 03:53:42 PM

Quote from: 5ensei on October 11, 2017, 02:33:26 PM

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?

disconnectme

hero member

Activity: 1876

Merit: 512

Quote from: 5ensei on October 11, 2017, 02:33:26 PM

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

full member

Activity: 308

Merit: 102

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... Undecided

Topic: Binance: $BNB The Future of Exchanges. - page 161. (Read 132064 times)