Post
Topic
Board Altcoin Discussion
Re: Binance owns 82.69% of BNB
by
mu_enrico
on 26/10/2021, 17:26:35 UTC
Probably it's just a cold wallet of the Binance exchange. But yeah, this coin is centralized as the name suggests.
I can understand if 82% of token resides in the exchange, because you can take part in various launchpad, staking, etc. and when the exchange got busted, the token will be rekt alongside it.

Anyway, I'd be more cautious of the recent warnings from various countries instead of this address centralization stuff.