Doesn’t this de-incentivize them from protecting the value of their token?

Or maybe something more nefarious is going on, for example foreseeing a tight crypto regulation and this is them washing their hands?


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7 Comments

  1. ballsacul on 21. September 2019 at 0:23

    Well, I’ll state the obvious – they won’t cause a major dump, also, it’ll decrease the overall supply. Both major benefits for $BNB holders.

     


  2. Chrysalisair on 21. September 2019 at 0:23

    haha you can’t please everybody

     


  3. s1lverbox on 21. September 2019 at 0:23

    They didn’t do anything positive about this event.
    Them coins didn’t made any real difference.
    If they had to buyback the burn amount then price for long time hodlers would be much higher. But because they didn’t buy back but unlock they simply burn air.

    Also, if you pay attention closely to fact they got bnb from fees etc , this is like perpetum mobile.machine. once started will.always generate new coins. There is no need for them to buy anything of the market for next burn and thereafter.

    They keeping good bitcoins and burning air. Ok one might say : they limiting supply and I agree, but if they do the same by buying back tokens and then burning them they would significantly not only limit supply but also move the value of BnB on the market.

    As off now this is non event.
    And pls, this is not fud. It’s my perspective. I am holder of BnB and I love binance. I just don’t see this team burn as something significant. It’s looking at first glance as something serious but when u check all angles u will see there is nothing special about it.

     


  4. rulesforrebels on 21. September 2019 at 0:23

    Less of something means less supply if demand stays the same and supply decreases value goes up

     


  5. toastmmm on 21. September 2019 at 0:23

    They didnt

     


  6. Anandgarg007 on 21. September 2019 at 0:23

    It will not depreciate the price of BNB, so its a good thing. They have taken the right steps.

     


  7. AdministrativePapaya on 21. September 2019 at 0:23

    > Or maybe something more nefarious is going on, for example foreseeing a tight crypto regulation and this is them washing their hands?

    Unlikely, if it all goes to shit, they would at least be able to get *something* if they held on to their bnb. They burned them and got nothing.

    > Doesn’t this de-incentivize them from protecting the value of their token?

    This is a valid point.