yeah comfy af, it is not a question of if but when then month.
BNB Burn Imminent
Aiden Rivera
Owen Bell
somewhere between 80 and 150mil. hell 200 mil maybe even. like I said I cba to go through the historical charts, user here says he wrote a script and had it at 20 mil. Have to take in account though that withdrawal fees are not included in this purely volume based calculation so it might very well be significantly higher.
Brody Edwards
Well think about it. How much volume do you think they had in this shit market compared to the past
Logan Miller
What’s the price of bnb looking to be after the burn?
Brayden Martinez
you lazy motherfuckers go look at the chart and draw your own conclusions. not a goddamn spoonfeeding daycare here
and I know there are brainlets out there reading this wrong. that is 20 mil direct burn buyback, not 20 mil total profit
William Garcia
BTW I'm not sure how this token burn works. If they burn through market buy, doesn't that mean that those who have limit sells anywhere near the spread get completely rekt?
Kinda curious in seeing the order book on the day of the burn.
Zachary Ward
it dumped at the end of last quatre. whats to stop it from continuing on its current trajectory
Connor Murphy
We can only speculate since we don't have all the information to figure it out. But if they are burning more than they did last time which was $30MM worth and 1000 orders deep is only $1.77MM @ 0.001738 easily assume much higher than that. Also keep in mind they could spread out the burn between BTC and ETH, even then though that barely puts a dent in the burn.
>pic related
>yellow vertical line is the start of this quarter
>note volume increasing a lot, thus the amount of fees increasing
>straight from binance
>Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back.
CZ says they obtain the BNB they burn by:
>buring BNB they collect from fees
>and/or market buying BNB to burn with BTC and/or ETH
This wouldn't wreck any limit sellers, they would just get filled at the price they wanted. It just creates a shit load of liquidity.
Well they made BNB only reduce fees by %25 now so it will be used less by traders so they will have less of it to burn and top that with them putting on a record volume quarter, it looks like it could be a nice pump.