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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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6281248 No.6281248 [Reply] [Original]

>There's always demand because it's used to get 50% discount in transaction fees
>20% of the coins from their profits will be burnt this month
If you use binance, consider investing part of your portfolio in this

>> No.6281615

>>6281248
I'm already in it. Wish I had put in more when I first bought it.

>> No.6281766

Reminder Binances profits this quater will be in the billions, probably similar to apple.

The coin burn will be massive, at least $400 million screencap this, at current price thats 20 million coins its a sure thing at the moment. Can't lose if you bet on the house.

>> No.6281972

>>6281766
How did you come up with the billions number? I think there total profit this quarter would probably be several hundred million for sure but not in the billions.

Also, how high could BNB go in 2018?

>> No.6282041
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>> No.6282073
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>> No.6282327 [DELETED] 

>>6281972
You're underestimating how much they have grown and how high their volume has got the past month with crypto blowing up. They do at least 6 billion in volume per day for the past month. Their commission is at least 0.05%. 6 bil x 30 for the month = 180. 180 x 0.05 is 9. 9 bil x .75 for corporation tax in china = 6.75 billion. Take out any expenses they have and you're still looking at a multi billion dollar profit and thats just the last month.

For the coin burn 20% of 6.75 billion is 1.35 billion. So realistically even if they pay themselves millions the coin burn is still going to be around $500 million at LEAST.

>> No.6282372
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6282372

>>6281972
I don't think they got 1 billion, but during the last 24 hours they had a trade volume of 6B USD. Let's say they have the same trade volume for the past 90 days (it's probably lower) and it would be 540B USD of trade volume. If half of them were done with BnB as fee, they would've got 400M USD, and 20% of that would be 80M

>> No.6282382

Mark my words this thing is gonna double in value at least.

>> No.6282468

>>6282327
>180 x 0.05
It's 180x 0.0005 (0.05%)

>> No.6282499

I didn't listen to cryptobeak at $1, I deserve to be poor desu

>> No.6282555
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6282555

Im not into that coin to be honest can I get a quick run down just to save shekels on my transactions?

Is 1eth worth of bnb too much?

>> No.6282717

>>6282468
Significant figures are the same. It's percent. 1% vs .5%

If I noted it as .0005 I'd note the other as .001

>> No.6282770

>>6282327
I think you did the math wrong there buddy. 0.05% of 180 billion is 90 million, not 9 billion. That's why I said they may have made a profit of several hundred million USD for the whole quarter, not several billion.

>> No.6283122

>>6282717
>Significant figures are the same.
>>6282327
>180. 180 x 0.05 is 9
But you got the math wrong. 0.05% of 180B is not 9B, but 90M

>> No.6283280

>>6283122
I thought you mistyped a reply to me, but it seems you're replying to a deleted comment. My b

>> No.6283478

>>6282555
If your account value is 800 ETH, yes.