Binance by 1 billion, breaking the USD profit-brand

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In Binance, there were the quarterly Burning, at this Time, more than 2 million BNB were burned. If we may trust the old proviso that Binance buys back 20% of its profits in the BNB and burns, then the one quarter results in a profit of approximately 186 million USD. Cumulated with all previous Win breaks Binance even the sound barrier, of a total of about 1 billion USD to the Win by the Bitcoin & Crypto-exchange taken was.The white paper was changed somewhat, so that the 20% Profit-no longer need to be Burning correctly. This huge win is at all realistic? We take again a look at the statistics.

Contents

Binance with a 186 million USD, a record quarter and total profit of 1 billion USD?

We devote ourselves to the facts. In the quarterly NBB Token Burning has announced Binance about his CEO in CZ, that’s a total of more than 2 million BNB were burned.

The message is sure to excite the investors and the Fans and the BNB exchange rate can also increase in the context of the Burnings easily. Under the assumption that Binance back continues to buy 20% of its profits in the BNB and burns a record profit of 186 million USD is calculated for. Thus, the Q3 is one of the best quarters of the Binance history and of the profit higher than in Q1 and Q2 together.

Added together, a new total is derived from all years together even-record-profit of over 1 billion USD.You are not yet logged in to Binance? Then it is high time, if you want access to hundreds of Altcoins. In addition, Binance is one of the largest and first Bitcoin exchanges in the Crypto-Space. Throw a look at our Binance Test 2019 or login directly to! Now on Binance sign up.

This suggests that Binance can take through its new products such as Lending, but also, and especially, the Futures and P2P Services very much more than by its pure Trading platform. Added to that is the suitcase the shops through inner-earth objects that are placed on the launch pad. Certainly these are not the only sources of income. As for Binance no duty of disclosure applies, we must trust the whole time.But why do I have doubts about these Figures, if a spokesperson of Binance the 20% Profit has confirmed Burning?

Binance is struggling with declining trading volume, BinanceUS and far Burning Chapter of the white paper

The Twitter Thread by Larry Cermak revealed further exciting and important Insights to the last quarter results and Burnings. Because, as mentioned above, is fighting Binance in the last quarter with some problems. For example, the Slowdown in the volume of trade on the Trading platform or the Rebranding and relocation of U.S. investors to BinanceUS. Here, too, is still completely unclear how much trade has been lost volume, actually.

Here, in the lower part of the Tweets is a much more important note, as the records has broken the Binance is revealed to me. Secretly, quietly Binance has amended its white paper and the area for the BNB quarterly-Burning adapted. There is nothing of the fixed 20% Profit Burning, and also the Wording has been slightly readjusted. Here one no longer speaks of Profit, but Trading Volume, which should serve as a Maßgeber for the number of burnt Tokens.You are looking for a suitable Portfolio Tracker also makes your taxes? Then you should definitely take a look at Accointing. Portfolio Tracking, optimization, and taxation are made easy here. Get the Maximum in your tax Declaration. Sign up for free.

Conclusion

Summarized, it means that we need to provide the possible profits with a big question mark until there is an official Statement. The adjustment of the white papers was carried out in April and opened the company a lot of leeway with the Burning deal, to achieve your stated goal of 100 million burnt BNB. Personally, I think it may be the Win out is hardly possible, even if the many products carry Binance certainly fruits.Anyone who invests in a BNB should be always clear that he invested in the company Binance and no profit participation, even if the Burning suggests this. I think the adjustments have been made exactly for this reason, in order to meet the regulatory requirements, the Token ,with about. Otherwise, the BNB would be a value of paper and you want to avoid for sure.Please invest Wisely, supply and demand determine the price. Even if Binance can reduce the offer, this must bring no price increase. #DYORWas do you think about the Binance and BNB? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)

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