Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
They are permanently doing this burning of BNB coins to keep inflation in check. Not just BNB but a lot of tokens is also practicing this, so this is not something special. And as you can see, it has some positive effect in the price as it has the possibility to increase obviously. And that's what investors love about BNB though and there are a lot of speculations that it could reach $1k because of this "burning". 
Topic: BNB always Burn - page 2. (Read 188 times)
legendary
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Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
I think the whatever their reason for the burn is, the end purpose is to increase the price of BNB, burning of coins is to reduce the supply, reduce inflation, cause more scarcity, attract more people to invest in the coin, create higher demand for the coin while supply is lowered, all this, the end result is higher price, so whatever could be cz reason for the burn, their target is to create more demand for the coin and with the lesser supply, the price will skyrocket, I did say binance is aiming to take the place of Ethereum in the crypto space as Ethereum has always been their major competitor. 
the increase is pretty good, on coinmarketcap, we can see the BNB price increase in the last 24 hours around 20%. When Binance burns, BNB price increases can be seen quickly. this led me back to holding BNB for a long time. I think there will be a lot of things that make BNB have such a high value at the moment.
legendary
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He's burning just to increase the over all value of BNB, in his recent tweet he said that BNB burning has the same effect as making an airdrop but it's more evenly distributed and what he mean is, the burning is done just for the sake of making the price go up therefore people indirectly got the benefit of increasing asset value evenly. If i remember correctly when first emergence BNB, Binance has proposed to allocate few percent they make to buy back BNB and then burn the BNB for the same purpose as well and I don't think there's another purpose in my opinion,
but maybe they have the plan to bring the circulating supply down to like ETH.
but maybe they have the plan to bring the circulating supply down to like ETH.
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
the purpose of burning is not only to raise prices, but there are other factors such as maximizing the total supply, because a total supply that is too large is not good for a coin, besides that BNB already has a place in the hearts of crypto lovers so this can be a strong reason why BNB is brave burning coins 
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
I guess it's not only to increase the price but CZ was aiming to decrease the circulating supply of BNB. There are lots of BNB owned by the users and CZ wants to make it to be 100 million BNB as the maximum supply that will be also on the circulating supply as well. I think that CZ was saying about this when BNB already complete its ICO a few years ago.
CMIIW
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
The burning of coins is to slow down coin inflation. That way, it can help to stabilize prices and at the same time adds scarcity to the table. It is a good strategy to increase the price of a coin especially when developer is actively developing new projects and innovation since more demand plus lesser coins equals a price surge.
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
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