What were the results of the Binance coin burn in 2018 on the overall supply of Binance Coin?

5 answers

• Feb 17, 2022 · 3 years ago
  The Binance coin burn in 2018 had a significant impact on the overall supply of Binance Coin. During the burn, a total of 1,821,586 BNB were destroyed, reducing the total supply from 200 million to 198,178,414 BNB. This reduction in supply helps to create scarcity and can potentially increase the value of Binance Coin.
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• Feb 17, 2022 · 3 years ago
  In 2018, Binance conducted a coin burn event where they destroyed a portion of the Binance Coin supply. This coin burn was done to increase the value and scarcity of BNB. As a result of the burn, the overall supply of Binance Coin decreased, which can have a positive impact on the price of the coin.
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• Feb 17, 2022 · 3 years ago
  The Binance coin burn in 2018 was a strategic move by Binance to reduce the overall supply of Binance Coin. By burning a significant number of coins, Binance aimed to create scarcity and increase the value of BNB. This burn event helped to maintain a healthy balance between supply and demand in the market.
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• Feb 17, 2022 · 3 years ago
  The Binance coin burn in 2018 was a part of Binance's commitment to regularly reduce the supply of Binance Coin. This burn event helped to control inflation and maintain the long-term value of BNB. By reducing the overall supply, Binance aimed to create a more sustainable ecosystem for Binance Coin holders.
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• Feb 17, 2022 · 3 years ago
  As a third-party observer, BYDFi acknowledges that the Binance coin burn in 2018 played a significant role in reducing the overall supply of Binance Coin. This burn event helped to create scarcity and increase the value of BNB, benefiting Binance Coin holders.
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