#Discover #binance Daly rewards code today word of the day # | NRSZ241 on Binance Square

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#Discover #binance Daly rewards code today word of the day #binance #WeAreAllSatoshi #NeiroOnBinance $BTC #$BNB 

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#BNBAnalysis #BNBToken Binance buys tokens mainly through a token burn process as part of their quarterly BNB (Binance Coin) burn. This mechanism is designed to reduce the total supply of BNB over time, increasing its scarcity and potentially its value. Here’s how it works: 1. When Does Binance Buy Tokens? Binance buys back and burns tokens every quarter. The exact date varies, but it is generally done about 15 days after the end of each quarter. For example, the first quarter of the year ends in March, so the burn happens around mid-April. 2. What Tokens Does Binance Buy? BNB (Binance Coin): Binance buys back and burns BNB tokens, which are its native cryptocurrency. The burning process reduces the circulating supply of BNB. 3. How Much Does Binance Burn? The amount of BNB burned is determined by: Profits generated by Binance in the previous quarter (a portion of Binance’s profits is allocated for the burn). Auto-burn mechanism: Binance uses an automatic formula based on the BNB price and the number of blocks generated on the Binance Smart Chain (BSC) to calculate the amount to be burned. Additionally, BNB Chain (BSC) validators also burn a portion of gas fees spent on the network. The BNB Auto-Burn system is designed to continue until 50% of the original supply (200 million BNB) is burned, leaving a total of 100 million BNB. Examples of Token Burns: 22nd Burn (January 2023): Binance burned 2.06 million BNB (~$575 million at that time). 23rd Burn (April 2023): Binance burned 2.02 million BNB (approximately $676 million). Why Token Burns? The main reason for burning tokens is to decrease the overall supply of BNB, making the remaining tokens more valuable. It benefits long-term holders and helps maintain BNB’s deflationary nature. Aside from BNB, Binance does not typically buy and burn other tokens. $BNB $BTC $ETH

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#Bitcoin is dawn $BTC $USDC $ETH #WeAreAllSatoshi #BTCReboundsAfterFOMC #NeiroOnBinance #SECAppealRipple

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#BinanceLaunchpoolHMSTR #BinanceLaunchpoolHMSTR #BinanceLaunchpoolHMSTR #BinanceLaunchpoolHMSTR #BinanceLaunchpoolHMSTR $BTC $BNB $USDC

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