Quote from: tvplus006 on July 08, 2021, 12:10:29 PM

Quote from: numanoid on July 04, 2021, 10:31:08 PM

Binance coin or known as BNB coin will begin their 16th token burn on this month (around mid-July 2021), last year, they have running BNB burn for 12th on July 17, 2020. Will you buy BNB now or just wait and see because market still looking not too good?

If the amount of $ burn similar with previous burn, it's mean they will burn around 2 million BNB coin worth of $600million

Binance regularly conducts burn once a quarter. The last such coin burning, according to their blog, was made in April 2021 https://www.binance.com/en/blog/421499824684901944/ , when approximately 1 million BNB was burned. As a rule, such burning of coins does not lead to a rapid change in the price, so you need to buy coins when it is at support, and not in anticipation of the next burning of BNB.

The burns are quite substantial, but especially those with three million and even more were extremely substantial in relation to the total supply. What exactly are the intervals that Binance conducts these burns? Is there a fixed number per year or does Binance burn BNB as they please? How about then number of coins? Do they follow a publicly known formula?