Holding BNB firmly, from a certain perspective, if the total market value of BNB remains unchanged, after the burn is completed, the BNB in hand can still appreciate!!!
So how long will it take for BNB to complete the burn? Based on the current price of 875 dollars, Binance needs to burn 33 billion dollars!!!
It should be noted that the buyback and burn of BNB has changed. In the past (early days), BNB was repurchased and burned at 20% of profits.
It is clearly stated in the original white paper of BNB: Binance will use 20% of each quarter's profits to buy back and burn BNB.
That is to say: • For every 1 dollar profit Binance makes → 0.2 dollars (20%) will be used to buy BNB and burn it. This was the early mechanism from 2017 to 2021. It no longer burns based on profit ratio.
Starting from 2021, BNB adopted a new automatic burn mechanism (BNB Auto-Burn): • Not based on Binance profits • Not based on Binance exchange business income
The amount to be burned is completely determined by a formula: Mainly based on • The average price of BNB for the season • The number of blocks produced on the BNB Chain
But we can see that Binance's buyback and burn has not decreased. In the last few quarters, the automatic burn has been approximately: • 1.6M BNB • 1.58M BNB • 1.44M BNB • 1.63M BNB
An average of about 1.55M BNB per quarter.
For the whole year: Approximately 6.2M BNB has been burned (automatic burn, excluding on-chain real-time BEP-95 burn).
In addition to the real-time BEP-95 burn (about 1.2M–1.5M each year),
The actual total burn amount ≈ 7.4M BNB / year (estimated).
Is the farewell meal coming? Today's (9th) Binance alpha airdrop interpretation
Good morning, everyone! It has been 3 days without alpha airdrops, but today a new project has finally arrived! Is it a farewell meal? Let's take a look at the project situation.
1️⃣ Project name: Midnight ($NIGHT) Financing amount: Not announced Launch date: December 9, time not determined ⏰ Airdrop threshold: Medium to High (227-235 points) Expected earnings: $35 - $47 Claim method: Points collection, not announced in advance Core investors: Not announced Project introduction: Midnight Network is a new type of blockchain that can be used to build decentralized applications that protect sensitive data without sacrificing performance and regulatory requirements. Developers can build novel and user-friendly programming models based on Typescript and zero-knowledge (ZK) proofs on Midnight.
If you don't sign contracts, don't leverage, and don't engage in borrowing this year, you will outperform 99.99% of the people in the circle.
Users are being washed repeatedly, and everyone is short on money. Currently, those who still have some surplus are the Alpha money-making group.
Hold tight to your money bag, don't be fooled by the masters in the square.
The masters are showing off their earning abilities everywhere because they are short on money; they are pretending so much that they even believe it themselves. #BTC
The 250U for the EDEN staking black slave task can finally be redeemed today at 10 AM on the 16th. This was originally the biggest task reward from Booster, but unfortunately, my luck is too bad, and I didn't win the biggest reward in the lottery. It's really frustrating! It can be redeemed now, but there are too many people, causing the webpage to crash continuously. Those who can't enter can wait a bit. Without further ado, the tutorial is as follows: 1️⃣ First, enter the Booster task interface and find the original completed OpenEden task interface to enter.
2️⃣ Click on this task to find the staking mini-task (provide LP to the stable vault), click to view the task, and enter its official website!
#币安HODLer空投MMT The airdrop just gave a little bit, it started to feel a bit funny. Based on the on-chain price at the time, the airdrop return is quite low. However, from last night's operations, one should be able to feel that the project is almost fully controlled. Last night I was still happy, but this morning when I woke up and looked, even a good breakfast didn't taste good anymore. I believe you should understand what I mean.
Understanding Boundless Network: How $ZKC Reshapes the New Ecology of Web3 Collaboration
Having been in the Web3 field for a while, I have always hoped for a decentralized collaboration platform that balances efficiency and security. It wasn't until I learned about Boundless Network that I truly saw the possibilities. Its underlying architecture not only addresses the pain points of data silos and cumbersome interactions in traditional Web3 projects but also tightly connects developers, users, and validators within the ecosystem through the $ZKC token, ensuring that every contribution can receive appropriate incentives.
Understanding Boundless Network from the User's Perspective: How $ZKC Reshapes a New Ecosystem for Web3 Collaboration
Having been involved in the Web3 space for some time, I have always hoped for a decentralized collaboration platform that balances efficiency and security. It wasn't until I learned about Boundless Network that I truly saw the possibilities. The underlying architecture it has built not only addresses the pain points of data silos and cumbersome interactions in traditional Web3 projects, but also tightly connects developers, users, and validators within the ecosystem through the $ZKC token, ensuring that every contribution is reasonably incentivized.
For example, in cross-chain collaboration scenarios, asset interactions that previously required multiple steps can be completed more quickly and at a lower cost within the Boundless ecosystem, thanks to its optimized consensus mechanism. This undoubtedly lowers the barriers to entry into the Web3 world for ordinary users and small to medium-sized projects. In the future, as the application scenarios within the ecosystem continue to enrich, the value of $ZKC will further become deeply tied to the ecosystem's development, and I look forward to seeing more innovative breakthroughs from Boundless Network in the Web3 collaboration space.
#俄乌冲突即将结束? As the duration of the war has been too long, neither side can afford it. Those in Ukraine with better conditions have already immigrated abroad, and now they are almost at a point where there are no soldiers left to recruit. It's no wonder that there are many female soldiers on the battlefield; one can imagine how severe the situation is within Ukraine.