Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
Probably a good coin to own for the future, what does everyone else think?
Read the full story here...
http://bitcoinist.com/binance-coin-burn-inbound-heres-will-happen/
High of @$24, recent low of @$6, present price @$13
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So to summarize I think that the value of BNB can only increase as it has done so far.
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Do you think it will outperform BTC in the near term?
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Looks like Bitcoin dominance is decreasing and that we are entering an alt coin market. You might have noticed that most alt coins are in the green these days. So definitely possible that BNB outperforms BTC in the short term. But then who knows... :-)
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I'm following you, so hopefully we can continue this discussion as time goes on... :)
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Thanks mate. I reciprocate.
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