Post
Topic
Board Speculation (Altcoins)
Re: Binance: $BNB The Future of Exchanges.
by
SNS
on 22/12/2017, 02:44:54 UTC
According to my calculations, for this quarter, binance can make a buyback of 35-50 million $. At a price of BNB $ 5 this can be a huge amount.

How did you come up with that amount?

I don't think they would go for such a huge buyback every quarter but 'm not familiar with their policy.

Today Binance volume is 3 billion. If we take an average volume 1 billion per day and a fees 0.1%, we get 1 million day profit. If all people pay a fees with the BNB, it will be $500,000 per day or $ 45 million per quarter. With current price they'll buyback 9 million BNB. But I think that the price will increase.