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anon 0fb8ce 04/16/2021 (Fri) 12:52:49 1144
What does this mean?
What are its implications?
anon 569ea0 04/16/2021 (Fri) 13:17:58 1146
>>1144
Binance burns BNB every quarter. which is in a proportion to the profits they make. Burning = sending those coins to an unusable address.
anon 0fb8ce 04/16/2021 (Fri) 13:23:30 1147
>>1146
So will the price go up or down?
anon b57cae 04/17/2021 (Sat) 02:37:18 1174
>>1147
they buy BNB using 20% of profits of Binance and they send them to an unusable address. a coin burn decreases the circulating supply and drives the price up over time. it thus supports the price growth of the token.
https://academy.binance.com/en/articles/what-is-a-coin-burn
anon 4285ce 04/17/2021 (Sat) 05:45:56 1176
>>1146
>>1174
Unusable address matlab?
anon a6010c 04/17/2021 (Sat) 06:00:43 1179
>>1176
Like -
0xt3r1m44k1ch0013a4l3n00f4gh33j4d3
anon e0c3fb 04/17/2021 (Sat) 06:48:50 1181
>>1179
ok burned my 1 bnb
anon 5ce740 04/17/2021 (Sat) 07:27:29 1182
>>1181
Wot ? Fr ? 40k₹ burned ?
anon 5ce740 04/17/2021 (Sat) 07:27:44 1183
>>1181
Adress to padhta dhang se chutad
anon 21e788 04/17/2021 (Sat) 08:15:39 1184
>>1176
An address on the blockchain that cannot be accessed by anyone
>>1183
>>1179
KEK
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