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/biz/ - Business & Finance

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11255528 No.11255528 [Reply] [Original]

>biggest burn they have ever done coming in 2 weeks
>lowest ever amount of BNB on hand to burn because of it's fee reducing was lowered to %25 this quarter and less traders are using it for fees
>in order to cover the amount of required BNB for the burn they will need to buy it from BTC and ETH markets.
>price now low and wavering

>> No.11255551

dump incoming, screen cap this

>> No.11255565

>>11255551
cet is the new bnb

>> No.11255569

>>11255551
Let's hope so, it will fill my buy orders before the imminent burn pump

>> No.11255585

>>11255551
Based on?
Price has been stable for 2 months, which is unprecedented

>> No.11256117

>>11255569
when is the burn pump scheduled for?

>> No.11256241

>>11255528
Prove to me their volume this quarter wasn't lower than last quarter.
Prove to me they don't have a reserve of tokens from the other previous quarters, or in preparation of their DEX blockchain.
These things aside, their burn quantity is directly proportional to their profits for the quarter.
If they took in less fees, they burn less tokens.

>> No.11256304
File: 13 KB, 633x758, DDA45ECE-A7BC-4AA3-9087-B899B58614F6.gif [View same] [iqdb] [saucenao] [google]
11256304

>>11255528
No pump this time

>> No.11256472

>>11256117
Mid October, it was the 18th last year.
>>11256241
Look for your self retard. Btcusdt is the majority of their volume and its way up this quarter, so more profit for the quarter, and more burn.
Are you pajeets even trying anymore?

>> No.11256535

>>11256472
>BTC/USD
>Literally a pairing that every exchange has.
>Buttery shitcoin
>Binance profits
The fuck are you thinking

>> No.11256572
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11256572

>>11256535
>he doesn't know how to read volume on a chart
>no clue wtf he's trying to say

>> No.11256574

>>11255528
fuck this chink scammer

>> No.11256607

>>11256574
>fud your mother if you want to fud
>based CEO says whatever he wants
>runs the greatest exchange the world has ever seen.
>in the process of creating the first crypto backed bank, satoshi true vision.

>> No.11256665
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11256665

>>11256607
>>11256572
>>11256472
>>11255528

>> No.11256958

>more volume == more fees
>more fees == more profits
>more profits == more burn
>bnb lesser fees == lesser usage
>less usage == more needed bought from market
>more market buying == bigger pump
This is the first quarter after the fee reduction, and it's the highest profiting quarter, with potentially the least bnb on hand to burn ever.

>> No.11256999

>>11256958

First month this quarter was 0% fees.

Binance always buys their burn supply from the market rather than using reserves, this was confirmed on twitter.

>> No.11257013

>>11255565

This.

>> No.11257019

>>11256958

Also as the fee reduction has been dropped to 25% the amount of BNB going into Binance reserves has increased.

>> No.11257078

>>11256999
>First month this quarter was 0% fees.
How do you figure?
Cz says they first burn bnb collected from fees, then if more is needed they buy it from the market.
>>11257019
>the amount of BNB going into Binance reserves has increased.
You don't think traders will be using it less since it's less effective?

>> No.11257556

>>11257078

They will use it more, as 25% discount is better than no discount. They will just have to restock more often