If you read the roadmap for BNB, there is a burn limit for BNB, as far as I know, up to a total supply of 151 million or less.
from the start out the bnb has also stated so.
besides reducing continuously I think to increase the price as well because the BNB will be increasingly rare
Topic: BNB always Burn (Read 238 times)
To stop the coin from inflation of course. This movement also stablize the demand and supply price as well as the liquidity. They have already mentioned this in their roadmap and thus, it is one of the main reason why binance recently increase its price
to make the supply from BNB not circulating too much in market and indeed BURN will make the possibility of BNB price to increase, so in my opinion this has a very positive impact for BNB investors, because the price of BNB can increase very high and of course it will provide a big profit for BNB investors.
BNB sees this opportunity to increase by burning their coins so that the supply in the market decreases, BNB is smart about reading the market situation amid increasing BNB demand, they move quickly so that the price of BNB remains stable.
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.
I think the reason is they are really increasing the price by burning it and by reducing the total supplies, it will attract for people to hold their BNB and to attract more investors to buy it as well. Binance has the best strategy of all time that the other exchanges could get if they also want to succeed in their project and to get some high price by doing it. Because having a large amount of coins is useless when there are only a few investors who tried to hold it.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Everything was explained when Binance sold BNB via ICO in its Whitepaper. Binance plans to buy back then burn the coin up to 100 million BNB. They use 20% of the profits made by Binance to buy BNB in the market. The BNB target Binance will burn is 100 million BNB
The aim of the BNB burn is to give this coin a higher value, and to avoid inflation. There have been 15 times the burning of BNB coins to date.
The aim of the BNB burn is to give this coin a higher value, and to avoid inflation. There have been 15 times the burning of BNB coins to date.
With the burning of BNB coins, many traders and investors are switching more nowadays to BNB, of course,
because they all want to make a profit, because it is certain that prices are increasing. Now that BNB prices are rising,
it's very profitable for those who already held this coin in the early days.
because they all want to make a profit, because it is certain that prices are increasing. Now that BNB prices are rising,
it's very profitable for those who already held this coin in the early days.
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
If there is burning happen in the coin that means aside from the price value will increase, I think inflation is one of the reason why they're doing it as well. These are the only factors I saw for now in BNB, and this is an advantage as well for the fanatic holders of BNB expect the positive things happen in the future.
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
to make the supply from BNB not circulating too much in market and indeed BURN will make the possibility of BNB price to increase, so in my opinion this has a very positive impact for BNB investors, because the price of BNB can increase very high and of course it will provide a big profit for BNB investors.
AFAIK, it's part of their whitepaper and have read it through Cointelegraph that it's a "repurchasing plan". They will buy using their profits and those BNB that they've bought, they'll put it into burning.
Cointelegraph: Binance Updates White Paper to Reword Section on Quarterly Manipulations with BNB
This means that they're going to burn up to 50% of BNB's supply.
Cointelegraph: Binance Updates White Paper to Reword Section on Quarterly Manipulations with BNB
This means that they're going to burn up to 50% of BNB's supply.
In my opinion, the purpose of BNB for burning coins is to help reduce the inflation rate so that the supply of BNB is reduced in the market. A reduced supply, combined with a stable or rising demand against BNB, is likely to increase prices.
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
Besides that every year the burning of BNB takes place, at least how the holders prioritize saving in the long term. without sacrificing their BNB. whether it will be an obstacle to the combustion process. This is just an assumption, even though the number of BNB holders does not always allow the price to go up without taking advantage.
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
The supply will continue to be burned until 50% of the supply runs out, this aims to affect the price of the token. 
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.
and Binance has committed to continue towards their token every three months, and is assuming to reach 100 million BNB tokens burned or 50% of the existing token supply.
The post-combustion increase at BNB has been pretty good in the last 24 hours, at 20%. There will be many investors holding on to BNB for a longer period of time as the chances of growth are getting higher seeing the effects of the burn take effect immediately.
This has been the culture of many coins, most especially the stable coins.
The reason is quite different though. Stable coins needs to be burned because each of them is assumed to be backed by a real money (1 USDT = 1 USD). If there's no burn that means the team or anyone could print a lot of tokens without having any real money to back it up. That would be a disaster for the token, and they'll lose its function.
Price stability and increase are some of the major reasons coins are burnt from time to time, the binance team is working on the BNB coin circulating supply to keep inflation in check.
This has been the culture of many coins, most especially the stable coins.
This has been the culture of many coins, most especially the stable coins.
How many coins will binance stop burning on? After all, they cannot do this indefinitely until there is nothing left. They must have some kind of limit. Don't you know this meaning?
because they already planned it since the creation of BNB , burn keep continue until 50% from total supply , have u read the Binance coin info from their site ?, they just creted the decentralized exchange on their own blockchain, that also included on the info.
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
Usually some company have their own roadmap and achievement and Binance already or earlier mentioned this during their launch that they will keep burning their coin not only to gain price but to maximize and balance the supply and demand of their token that has been used on their platform.Inflation wise, this is a good move isn't it? Also knowing CZ, the ceo of the company he will be keeping his word until the end.
Can anyone tell me why BNB keeps burning coins? Is the aim only to increase the BNB price or is there another purpose?
You are misunderstanding about BNB. Burning is a specialty of BNB. It's burned on a quarterly basis until total of burned token reaches 100 million. Anyway, you're right that burning coins help BNB price stable or increase. Before burning time BNB price usually increases due to hype and decreases after burning news. People can use that to earn profit. 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". legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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?
Jump to: