Quote from: TakeSR20 on November 27, 2017, 09:28:33 AM

Quote from: mkmdoc on November 27, 2017, 03:52:39 AM

Even I didn't hear about those Buy back but really it is very good idea to increase the price of coin in the market. Still, there is huge chance for people who are holding the Binance because this exchange has great future in the coming days.

Me neither. There was a video in youtube where they burned live those coins, and an official announcement they will burn 986,000 BNB with the 20% Q3 profit, but honestly price didn´t move a thing. They burned 1% of the 100M they want to buy back... it will take 20 to 25 years to buy and burn the 100M BNB in my opinion.

https://support.binance.com/hc/en-us/articles/115002205552-Binance-1st-Quarter-BNB-Burn-Event

I think Q4 burn will be larger. They've probably been averaging at least $200k profit per day in Q4. 20% of that would be $3.6m worth of BNB burned ÷ $1.50 average BNB price = 2.4m BNB burned

Hopefully BNB price increases so the buy & burn continues for longer.