🔶 While other entities are still buying back platform tokens, Binance has already bought back $BTC , starting to support the industry's foundation
Currently, funds in the cryptocurrency market are flowing out towards U.S. stocks, precious metals, and other traditional commodities. Binance announced a $1 billion SAFU fund, which will be converted to BTC within 30 days to support the industry
👉 Several points that you may not have noticed:
1️⃣ The previous commitment of the SAFU fund remains unchanged and will be maintained at $1 billion in the long term
2️⃣ When market fluctuations cause the SAFU fund to fall below $800 million, a replenishment mechanism will be triggered to bring the wallet asset value back to $1 billion
In other words, if $BTC drops by 20% now, the SAFU fund will automatically buy $200 million worth of BTC to restore the wallet balance back to a value of $1 billion
(Hopefully, it will never be triggered 😂)
Therefore, the SAFU's ability to ensure user safety remains unchanged, and there is no need to worry about the fund's value shrinking
—— Long-term construction, being friends with time, keep it up #贵金属巨震 #加密市场回调
