Topic: Binance: $BNB The Future of Exchanges. - page 162. (Read 132064 times)
Just a simple calculation. the profit of binance in a quarter could be estimate in this formula, if considering exchange is the dominant income: P = mean(Volume(day))*0.001*90. Volume(day) today from coinmarketcap is $ 72,330,737. Assuming this is the mean Volume each day. Thus, the P is $6,509,766 in total. 20 % of P is $1,301,953. BNB price today is $1.3. If taken this price as the mean(BNB) each day, it is likely to be 1 million BNB in all to buy back in this quarter(seriously I bet it is around 0.5-2 million BNB). There is 100 million BNB to be burnt. It might take much longer time than we have estimated. What confused me is that the profit of Binance shouldn't be just BNB(at least right now). So do they really need to buy back BNB, or just let 20% BNB in their profit burnt, which may not influence the market at all? In conclusion, I was too optimism about their buy back speed. Really hope my estimate is totally underestimated their burning speed. Let's wait and see their performance in 5 days.
Binance is becoming popular day by day.
Personally i like the graphics and design of Binance exchange.
Binance has features of buy back the Binance coin.
It is looking great for future.
Personally i like the graphics and design of Binance exchange.
Binance has features of buy back the Binance coin.
It is looking great for future.
When is the burn actually happening?
Here: https://support.binance.com/hc/en-us/articles/115001978652-Binance-Coin-Burn-Plan-in-2017-Fall
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
is binance DEX? Why binance did make coin?
It's not DEX, and they made a coin in order to get commission discount for example and also to vote per the coin of the month poll. And the more the exchange increase, the more the coin increases its value as well in the long period.
When is the burn actually happening?
Hope bnb pump this weekend
Would it be smart to buy in just before the coin burn?
Edit: its allready pumping a bit... i suspect this will go over $2 shortterm..
Edit: its allready pumping a bit... i suspect this will go over $2 shortterm..
yes it would, but be careful it hasn't already been pumped a bit in anticipation of the burn
Would it be smart to buy in just before the coin burn?
Edit: its allready pumping a bit... i suspect this will go over $2 shortterm..
Edit: its allready pumping a bit... i suspect this will go over $2 shortterm..
is binance DEX? Why binance did make coin?
guys, who knows, does binance have plans for adding new coins? when and what coins will add?
If you follow their twitter you'll know just as much as anyone
guys, who knows, does binance have plans for adding new coins? when and what coins will add?
Your website is under ddos or why is it loading so slow?
Binance added Metal MTL
they're adding coins left and right lol
At first time i see it i dont think binance will defeat bittrex and other old exchange. Bit after i use it for trading i really like it more then bittrex and poloniex. I believe binamce will defeat them some day. It will takes time like ant attacking an elephant, elephant will goes down in the end.
A few months ago poloniex was the best exchange and everyone wanted coins to be listed there, but now it has changed to Bittrex. Soon it will be Bittrex + Binance as the top exchanges for all coins. Then when they realise Binance is cheaper to trade on, it will overtake trex!
I think nothing is predictable in the market because it completely depends on the security measures they take and support staff should very active in order to solve issues frequently and as soon as possible.
I think Binance will increase and enter the upper classes as long as they do not recklessly accept new coins, many markets rely on quantity in response to polo and bittrex movements that impose market quality.
depending on what Binance wants to enter in which class is because both are equally profitable, the market that will get more transaction volume is the market that implements the reputation+quality.
At first time i see it i dont think binance will defeat bittrex and other old exchange. Bit after i use it for trading i really like it more then bittrex and poloniex. I believe binamce will defeat them some day. It will takes time like ant attacking an elephant, elephant will goes down in the end.
A few months ago poloniex was the best exchange and everyone wanted coins to be listed there, but now it has changed to Bittrex. Soon it will be Bittrex + Binance as the top exchanges for all coins. Then when they realise Binance is cheaper to trade on, it will overtake trex!
I think nothing is predictable in the market because it completely depends on the security measures they take and support staff should very active in order to solve issues frequently and as soon as possible.
For several months I have said that Binance exchange will be among the first three exchanges in the world, perhaps shortly after Bitfinex and Bithumb, by the end of 2017.
It has many advantages that other exchanges do not have, such as ease of daily use, low fees, continuous addition of new coins (which often other exchanges do not quote), but what I like most is the speed of their customer support and Fast Document Approval: If I have a problem and write to support, they will respond within 3-4 hours ... and to approve the documents it takes up to 2 days.
Try doing these two things with other exchanges, such as Polinex
Binance coin will grow parallel to the growth of the exchange, and easily will reach and will exceed its old ATH in Bitcoin by the end of 2017.
Binance added Metal MTL
i think the coin burn is allready done? Or when would that be.
As stated in official information:
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
So it won't happen secretly
ahead considering those investment that has been raise and now that the exchange gaining popularity for sure holding your tokens will allow you to really
compensated with big profits.
i think the coin burn is allready done? Or when would that be.
There is no certain date, the only thing I know is that it will be around the 14th of October.
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