Is the exchange profit split between the Binance holders?
not even remotely. Binance sells all their collected BNB on the market. So, really there is not even much discount on fees.
Thanks for your reply!
His reply was incorrect. Binance distributes 20% of profit to BNB holders through buy & burn. 20% of profit in Q3 was $1.5m.
How to realize your share of the profit:
1) I start Q3 with 0.01% of total BNB supply (20k BNB)
2) I slowly sell 100 BNB throughout the quarter to receive $150
3) Traders are buying millions of BNB and sending it to Binance to pay fees
4) Binance burns 1m of the BNB fees ($1.5m worth), and supply is reduced to 199m BNB
5) I end Q3 with 0.01% of total BNB supply (19.9k BNB) + $150
If they sent the $1.5m as dividends instead, I would have ended the quarter with 0.01% of total supply + $150 either way.
This works specificly well when u bought over $2...