Discussion on the destruction of a certain coin starting with b
The total amount before destruction was 2 billion, of which 1.4 billion were in circulation and 600 million were locked. These 600 million locked tokens can no longer be unlocked. Unlocking is a big negative and will cause a lot of selling pressure. Therefore, destruction has become a good means to stabilize the price of the currency.
Let's take a look at the number after destruction. The total amount of 1.2 billion is fully circulated.
It seems that 40% was destroyed, but the actual destruction amount is 200 million.
Moreover, the most important means of this wave of destruction is to maintain the price of the currency and maintain stability. Just look at the pull-up and you will know that the official does not want to have a strong pull-up again. The sideways distribution of chips is the safest choice.
However, there is an expectation of 20% profit repurchase, which is still stable and optimistic in the long run. It is expected to reach about 10 around the Spring Festival this year. Those who are looking at 20 or 30, wait slowly. I don't know what their quarterly profit is for the time being, so I can't calculate the repurchase strength. It should be very promising to reach 20 in 3-5 years.
It is not recommended to rush to chase high prices now. It is better to hold bnb well. Binance also needs to respond by pulling the price up.
