Re: Binance owns 82.69% of BNB

Quote from: RussianEnglishTranslation on Today at 07:11:44 AM

Quote from: MrSolo on October 26, 2021, 11:30:18 AM

Hello,

My question is knowing that binance holds more than 83% of BNB how trustworthy or long term BNB can be? i seen coins with much less percentage held by devs fall to 0, so how is BNB any different?

should i be worried of this?, people are freaked out that Satoshi holds 4.6% of bitcoin but somehow Binance holding 83% is normal?. i am a long term holder in BNB, however after finding this facts i'm reconsidering my decision. i would like to hear what you guys think

BNB top holders:
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8
0xf977814e90da44bfa03b6295a0616a897441acec
0x001866ae5b3de6caa5a51543fd9fb64f524f5478

This is a very legitmate thread and should be pinned.

Is this sarcasm or are you serious? If you read bunch of replies above your post, You will find out that the listed address are hot wallet for the exchange. Binance is a centralized coin so usually they have fully control on all tokens that running on there Blockchain. So it's not an issue for them if they hold all the Binance user funds on a single wallet since they are using centralized exchange for the records.