/biz/ - Business & Finance

>>12900572
what does it do exactly

>>12900578
It just does everything, my dude.
https://www.binance.com/en/use-bnb

>>12900617
>Pay trading fees
>Receive a 25% discount on trading fees using BNB
so if I buy BNB and use that to trade, it'll take 25% off the trading fees?

>>12900622
Correct.

Also the quarterly burn is a quasi share buyback that reduces the circulating supply to increase the price.

>>12900572
because it gives me the bitconnect vibes

>>12900625
>quarterly burn
the fuck, how much do they burn? and for how long will they continue to burn coins?

>>12900633
20% of quarterly net profits. Was about $10M last quarter.

Will burn every quarter until 50% of all tokens have been burned.

>>12900643
how often are quarters? does it literally mean every 3 months in the calendar year?
and how much % has been burned thus far?

fuck this unironically seems like ez money, is cz a genius?

>>12900650
Every 3 months, I think the next will be first week of April.
About 5% of total supply has been burned and theres 90M tokens left to burn until it hits 100M total supply and burns stop.

>is cz a genius

Nah but they got a ton of smart chinamen running shit, he’s just a face

>>12900660
so buying some now basically some amount of ROI by April, would that be fair to assume?

>>12900663
Eyeball their trading volume (coinmarketcap) work out the commission they charge, discount it for affiliate commissions they pay and the BNB discount. Assume operational costs are same as last quarter = estimate of this quarters profitablilty.

>give me one reason why you’re not at least 50% in BNB

>>12900693
oops I meant to ask:
buying some now basically guarantees some ROI

sounds like a yes from your response

>>12900700
Nothing guarantees profit.

If the burn is down because operation costs are up, then future burns will be anticipated to be lower and it willl probably fall.

I think the chance is fuckin low tho, volume up like a motherfucker this quarter my dude, and I don’t know how they would have spent more on operations, seems the fucking same to me.

>>12900718
guess I'll dump $15k into BNB, was saving it for a link dip but this seems better (for the short term at least)

because it has a LONG way to fall once btc barts down again...already down .80 just in the last couple hours...why would you buy this now?

>>12900729
Have an exit strategy, maybe $25k by July.

Dex might pump it to fuck and then the Q2 2019 should land in July and be juicy af.

B U L L I S H

>>12900759
Down .70 after pumping .85 in last 24hrs.

Still up .15 in 24 hours.

>>12900761
>>12900773
this shit is up almost 100% over the past month or 2? the fuck, how sustainable is this?

>>12900803
New to crypto?
Did 2017 not happen to you?

>>12900831
no I've been in crypto for much longer, it's just weird to see this kind of growth during heavy bear markets

inb4 crash whining

BNB wont moon but it will slowly keep rising until DEXs become more mainstream but even it has a DEX so itll still keep going up

>>12900572
It’s dump really hurt me last year. I was timing it well with each pump but the tumble from 12.00 down was brutal and I sold a half-pump to get my target stack of another project.

I’d love to hear some REALISTIC price predictions backed up with some solid reasons...

>>12900879
This.

It’s not about to 5x unless bitcoin also does.

But it’s going to outpace BTC in terms of growth, steadily.

$30 EOY is possible

>>12900896
>target stack of another project.
Which one, anon ? Anything other than LINK, would be interested !