/biz/ - Business & Finance

Source on fee increase?

>>8623500
Are you giving away crypto for free?

>>8623507
If you use Bnb for trades it's going from a .05% discount to .025% discount on the .1% fee. Also fuck gate.io and their .2%

>>8623500
Dumping after the burn to hop on the coinmetro

>>8623507

> https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf


Page 7, Page 9.

Binance trading fee is 0.2%,

> Year 1 discount is 50%
> Year 2 discount is 25%
> Year 3 discount is 12.5%
> Year 4 discount is 6.75%
> Year 6 no discount

Begin of Q3 Binance, right after their Dexathon and Q2 burn,
Binance enters year 2 of operation and fee discount decreases.

>>8623516

0.5 BNB to dubs
5 BNB to trips

>>8623586

dindt know that, even more reasons to go to coinmetro, whre they will decrease the fee, not the discout.
Fiat to crypto was getting me nervous, but now im confident about coinmetro

>>8623722

Dubs, collect your prize monies.

> confident about coinmetro

Until coinmetro achieves some parity with Binance's adoption and volume I doubt it.

The recent price movements of BNB suggest that the exchange already bought enough of the coins for their burn. Or am I wrong? When is the burn happening?

FUNDS ARE SAFE

>>8623693
Roll

>>8623771

Price movements was due to DEX and Binance Chain announcement.
Previous price action was several days before the coin burn, dump a day after.

>>8623842
OK. And when is the next burn happening?

>>8623905

Burn 1: 10th of the month
Burn 2: 15th of the month

So expect the burn sometime around that time.
Rumors have it that the burn will happen 15th/16th.

But nothing is confirmed.

Binance trading fee is 0.2%,

> Year 1 discount is 50%
> Year 2 discount is 25%
> Year 3 discount is 12.5%
> Year 4 discount is 6.75%
> Year 6 no discount

QUESTION:

Year 1,2,3 and so on is this the time, Binance is on or the customer registered on Binance?

>>8623957
Ah, so it seems CoinMarketCal has wrong data on these... Where do you find your rumours?

>>8624021

Not the wrong data. The coin burn will be for Q1 which ends on the 31st. Since Binance doesn't offer any dates on the actual burn being performed there can't be more accurate info about one. Historically they have been performed 1-2 weeks into the next quarter. Forget about the rumors, I don't think they hold any merit, but you can search /r/binanceexchange

>>8624018

wat?

>>8623957
>>8624021
>implying the pump a week ago wasnt the burn
quarter is 3 months retards, it's over
once the fees increase people are gonna start leaving.
Granted they might realise it's stupid and just keep the fee reduction forever.

>>8624183

when they say
>> Year 1 discount is 50%
>> Year 2 discount is 25%
>> Year 3 discount is 12.5%
>> Year 4 discount is 6.75%
>> Year 6 no discount

what in the fuck are they meaning?
My 1st year on Binance or time since Binance was founded?

>>8624396
>implying the pump a week ago wasnt the burn

Then why has it pumped days before the previous burns well into the next quarter?

> once the fees increase people are gonna start leaving.

Fair but debatable, no other exchange has as much going for them as Binance right now.

>>8624396

Since Binance was founded.

>>8624668
>Since Binance was founded.

ok, thanks.

>>8623693
Rolling

>>8623693
>>8624822
Pay up: 0xea244bc1b27aaffd96d7fdd9a5d2df9a05f46a1a

>>8624668
Hmm, interesting. The huge spike happened from 5th of January to 11th. You think this was because of buyout for burn? And predict the same to happen in beginning of April?

>>8624904

Funds are safe:

> 0xfc035f138bd63a7ef1cde3aa97f81cdc27d970c0cf75a1025a316f24996eb7e6
> 0x399da1940bda098cb27901c9be815b97ca4adfa7c91889599fedb9e36fbfd0a8

Never lucky

>>8625089
Thanks anon

>>8623693
Check m

>>8625059

Many people are anticipating the pump, it may be priced it. However, there is so much more going for Binance. Announcement of Binance chain whitepaper, release of Binance chain whitepaper. Further description of Binance Coin usage....etc etc. BNB is an amazing token to hold, because if it crashes I will probably jump of a bridge. But at the same time, you are also investing in one of the early crypto giants, which is leapfrogging the competition and could put any other platform out of the game with a good whitepaper.

1000 BNB

I will make it with my chad portfolio

Some food for thought:

> Big whales or HFT are already incentived to hold BNB.
> As more whales join more BNB will be acquired and held.
> Once Binance Chain launches, any ICO or dApp would be priced in BNB
> Fee for any transaction on the Binance Chain would have to be paid in BNB (like GAS or gwei)
> It's in Binance best interest to increase the value of BNB (prove me wrong if not).
> ICO's would want to launch directly on Binance Chain, and Exchange instead of any other platform.

Supply / Demand.
Four million users and growing,
Every single user increases the value of BNB by a tiny percentage point.

> Don't let my dreams be dreams CZ.

The economics behind the possible and already applied use cases of BNB are pretty solid.

> I'm out, whoever keeps the thread active for the day or trips gets the 5 BNB.

>>8623693
roll

Would now be a good time to buy more BNB? It has stayed around 11.5$ for a while now

>>8626003

ofc i am biased, but yes. 20$ in sight soon.