Burn. https://t.co/F4CCYGuzUM pic.twitter.com/wotIbKH0Nt. The huge token burns made the value of each remaining coin much higher and the new accelerated burn company is going to execute soon will probably get the coin to the next level. Follow us on Twitter, Telegram and Google News. These 1,099,88 burned BNB are worth approximately $595 million at current prices. A coin burn is a process of sending a certain amount of cryptocurrency to a public address that private keys are unobtainable. Furthermore, Binance has also announced its 13th quarterly BNB burn recently. You also have the option to opt-out of these cookies. Upcoming BNB Token Burning Pushes Binance Coin (BNB) To All-Time High of $546, 13x Gains In 2021 It’s a massive price rally in Binance Coin (BNB) and raining returns for all the BNB token holders and investors. Binance announced the completion of the 15th BNB burn earlier today of just shy of 1.1 million tokens. Market prediction for Binance Coin BNB Price 2021 However within the final burn, Binance burned far more than 20%, and the precise share of the burn stays unsure. La capitalisation boursière de BNB s’élève désormais à 94 milliards de dollars, soit 32 milliards de dollars de plus que le XRP (quatrième) et plus du double de celle de Tether (cinquième). Real Meter 100%. A record $595.3M USD has been burned" Proof Source | Exchanges. However, in the tweet, CZ said that without delay, the BNB coin burning will occur a few days from now. 15th BNB Burn April 30, 2021: General. The 6 burns preceding it all saw over 2 million BNB tokens being burned. This website uses cookies to ensure you get the best experience on our website. Also, CZ expressed that coin burning is not anything bad as the name suggests instead it helps grow the remaining coins’ value. Nope, this is burning BNB token only. After a series of rallies, BNB hit its all-time high at $633 on April 12. #BNB in a few days! Last Updated Apr 16, 2021 @ 10:46. This is the highest BNB burn by dollar value, a record the booming price of BNB helped to set. At the beginning of the year, the token was trading at around $38. Binance burns tokens each quarter. В цілому Binance спалила 1 099 888 BNB на суму $595 314 380. 0. 2021. Trade on crypto.com. Going ahead, Binance will burn BNB at a much faster rate. Share. ... Last Updated: 13 March 2021. Як повідомляють в компанії, цей 15-й квартал спалювання BNB є найвищим в доларовому вираженні за всю історію. Added 1/18/2021 5:27:08 PM. Binance Coin noticed its fifteenth burn thus far on Friday. As Q1 2021 ended in March, the exchange is preparing for its 15th BNB burn. — Binance (@binance) April 16, 2021. The rise of Bitcoin (BTC) made an huge impact on BNB; Binance Coin is in a great bull run for a long time now. Token Burn BNB Menjadi Penyebab Utama Apresiasi BNB’s original supply was capped at 200 million tokens during its initial coin offering. 60. It has increased considerably since. Validation. Crypto exchange Binance has successfully burned 1,099,888 BNB tokens that amount to $592 million at current prices. “Record-breaking BNB burn. Currently, BNB price is $559.25. Cryptocurrency exchange Binance has completed its 15th quarterly burn of BNB tokens, permanently removing just under 1.1 million BNB from circulation. Binance Coin is approaching its ATH value as the 14th quarterly BNB token burn is expected in less than 48 hours. On March 30, BNB broke out from a symmetrical triangle. This indicates accelerated crypto adoption by everyone around the world, from casually engaged individuals who trade every now and then to institutions that keep crypto in their treasuries and even engage in using crypto for their operations.". CZ also said that the exchange’s customer support staff is currently "completely overwhelmed" due to the massive user demand. This quantity of 80 million BNB, is now worth more or less $37 Billion, and the crew on the alternate plans to burn it all as opposed to selling it at a profit. Binance pledged to burn 100 million BNB, or half of its stock, when it first launched BNB in 2017. The world’s leading cryptocurrency exchange token by means of market capitalization, Binance … The burning process covering the first quarter of this year was in block 157215916. Confidence. Also, BNB had dropped to $ 6.4 at the time of the big market crash 1 year ago. 16 Apr 2021 Apple Calendar Google Outlook. At the time of writing, BNB price is $559.25 with a 24h trading volume of $8,926, according to CoinGecko data. Binance Coin (BNB) saw its 15th burn to date on Friday. In line with on-chain knowledge, Binance burned almost $600 million value of BNB tokens. The platform burned a total number of 2,2253,888 BNB coins, which is equal to $68 million. It's the same thing as a company doing a stock buyback 1 minute read. Binance (BNB) Price Reaches All-time-high! Alongside the BNB coin burning, CZ advised that crypto lovers should not have to take his tweet as financial advice. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. It was the 15th burn in BNB’s history and scheduled as a part of the January to March 2021 burn. These cookies will be stored in your browser only with your consent. (Updated May 08, 2021) Binance coin had a spectacular year in 2019, even though its growth did slow down in the second half of the year.Buoyed by the launch of several IEOs through the Binance launchpad, BNB price managed to outperform BTC by the end of the year achieving gains of over 150%. 962. Following Binance Coin’s (BNB’s) new all-time high price at $46.81, Binance CEO Changpeng Zhao announces new plans for the coin’s burn program. The amount in circulation will decrease, and against this background, the price of the token on the eve of the burning increased from $40.9 to $45. Historically, Binance has burned around 20% of the exchange’s profits. The Binance CEO concluded the post by saying that improving customer support process is currently the exchange’s number one priority. Last Updated Jan 17, 2021 @ 18:06. In it, 1,099,888 tokens were burned, which at the current price have a value of $593 Million. It took $595,314,380 worth of BNB out of circulation forever and decreased the overall supply of BNB from 170 million to 169 million. It increases the value of the remaining coins. Token Burn 19 Januari 2021 Penyebab kedua yang terlihat signifikan adalah token burn 19 Januari 2021 yang membuat dihapusnya BNB yang beredar sekitar 3,6 Juta BNB . These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Important event. With today’s surge, BNB has gained more … Moreover, CZ also announced a new plan for Binance coin’s burning program. In its latest burn, the exchange permanently destroyed 3.6 million BNB tokens, which would be worth more than $160 million at the current BNB price of around $44.5. Upcoming BNB Token Burning Pushes Binance Coin (BNB) To All-Time High of $546, 13x Gains In 2021 The previous record was held by the Q4 2020 burn, where $165 million worth of tokens was destroyed. Keep track of your holdings and explore over 10,000 cryptocurrencies, Binance Burns Over $550 Million Worth of BNB in 15th Quarterly Burn. Akibat turunnya jumlah BNB yang beredar, kemungkinan harganya naik menjadi sangat tinggi akibat hukum permintaan dan penawaran. Upcoming BNB Token Burning Pushes Binance Coin (BNB) To All-Time High of $546, 13x Gains In 2021 Coingape 1 month ago Published on April 12, 2021 03:56 GMT+0 edited on April 13, 2021 08:27 GMT+0 Another BNB Burning Is Coming Soon, Says CEO CZ. For our 15th quarterly BNB Burn (January to March 2021), Binance burned a total of 1,099,888 BNB, equivalent to $595,314,380 worth of tokens.” Upcoming BNB Token Burning Pushes Binance Coin (BNB) To All-Time High of $546, 13x Gains In 2021 At press time, the Binance Coin (BNB) price has surged 17% hitting its all-time high of $546. 0 % Votes. Binance has burned more than $600 million U.S. dollars worth of Binance Coin (BNB), setting the cryptocurrency up for further gains. He loves fish stew and Real Madrid. These 1,099,88 burned BNB are worth approximately $595 million at current prices. Cryptocurrency exchange Binance has completed its 15th quarterly burn of BNB tokens, permanently removing just under 1.1 million BNB from circulation. The 15th quarterly BNB burn occurred on April 15. For our 15th quarterly BNB Burn (January to March 2021), Binance burned a total of 1,099,888 BNB, equivalent to $595,314,380 worth of tokens. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. CZ provided an estimate of the event in May 14, 2021 CoinQuora is an independent media organization that exists to inform and educate our readers regarding the latest news and updates in the crypto and blockchain industry. BNB bearish market price prediction for 2021 is $118. Thanks to BNB’s massive price increase in Q1 2021, the latest burn is by far the biggest BNB burn ever in terms of the dollar value of the tokens burned. It has active use and therefore, it is not surprising that interest in the coins rises significantly before burning. BNB BURN APRIL 2021 || SIAP MENUJU $500 - YouTube. BNB BURN APRIL 2021 || SIAP MENUJU $500. More so, a lot of individual crypto lovers happily responded to news about the upcoming BNB burning. In it, 1,099,888 tokens were burned, which at the current price have a value of $593 Million. Necessary cookies are absolutely essential for the website to function properly. April 16, 2021 6:26 am. @cz_binance shares his plans to significantly increase the speed of burning #BNB, along with his 2021 crypto forecast and more! This is the highest BNB burn by dollar value, a record the booming price of BNB helped to set. As a quarterly routine for Binance, the 15th BNB burn will hold sometime this month, on or before April 30, 2021. Binance Coin BNB: Coin Burn. En 2021, BNB a gagné une valeur massive de 1 545 %, ce qui l’a propulsé dans le classement par capitalisation boursière, seuls le Bitcoin et l’Ethereum le devançant. With this recent burn, the total supply of BNB decreased from 170,532,825 BNB to 169,432,937 BNB. At the previous burn rate, it would take around 27 years to burn through 100 million BNB tokens. Exchange Binance CEO Changpeng Zhao (CZ) has tweeted that Binance is going to do another BNB coin burning. Triangle Breakout For BNB. Update 3 (16th April 2021): Binance’s 15th BNB Burn realized with a total of 1,099,888 BNB, equivalent to $595,314,380 (USD) worth of tokens. It is mandatory to procure user consent prior to running these cookies on your website. Akibat turunnya jumlah BNB yang beredar, kemungkinan harganya naik menjadi sangat tinggi akibat hukum permintaan dan penawaran. In terms on the amount of BNB tokens burned, however, the latest burn is actually the 4th smallest. To clarify, that is a total of $165,791,000 in value. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. The world’s leading crypto exchange Binance has completed the 15th BNB burn and set a record in USD with nearly $600 million burned. 100% Complete. When you burn coins, they are taken out of circulation forever, It increases the value of the remaining coins. Traditionally, Binance has burned round 20% of the change’s income. Buy Student coin! 10.05.2021 Показатели от статистиката на плащанията през RINGS (2003-2021) 07.05.2021 Интервю на г-н Димитър Радев, управител на БНБ, за сп. BNB price might also reach $500 this 2021. The CEO of Binance, CZ, has informed the crypto-verse that the 15th BNB coin burn will happen in a month or so. The BNB coin is the working token of the Binance cryptocurrency exchange. Learn more.By clicking “Accept”, you consent to the use of ALL the cookies. Thanks to BNB’s massive price increase in Q1 2021, the latest burn is by far the biggest BNB burn ever in terms of the dollar value of the tokens burned. With this latest token burn, the circulating supply has decreased by over 3.5 million. The FTX Exchange is one example, with benefits including token burn/revenue share, collateral, as well as trading rebates. But in the last burn, Binance burned much more than 20%, and the exact percentage of the burn remains uncertain. 15th BNB Burn ... "Binance Completes 15th Quarterly BNB Burn. Collins Adane April 12, 2021. — Binance (@binance) January 19, 2021. Download .ICS Google Calendar Email Alert More Details Binance Coin's latest price $8.04373243 updated 2 years ago. Binance burns tokens each quarter. BSC saw a large influx of users thanks to the high transaction costs on Ethereum, which led DeFi users to look for cheaper alternatives. When you burn coins, they are taken out of circulation forever. — CZ Binance (@cz_binance) April 11, 2021. BNB Price Prediction. The Banker, част от Financial Times Ltd., дадено на 30 март 2021 г. за броя през май 2021 г. It reduces total token supply thereby making everyone's tokens more valuable. In USD terms, it was just shy of $166 million. Historically, Binance has burned around 20% of the exchange’s profits. But opting out of some of these cookies may affect your browsing experience. Record-breaking BNB burn. Token Burn 19 Januari 2021 Penyebab kedua yang terlihat signifikan adalah token burn 19 Januari 2021 yang membuat dihapusnya BNB yang beredar sekitar 3,6 Juta BNB . Reliable source. So what price can we expect for BNB in 2021? At the current price of around $514, 1,099,888 BNB translates to roughly $566 million. As per usual, Binance CEO Changpeng "CZ" Zhao shared his thoughts to accompany the token burn. The burn removed more than 1 million BNB from circulation, an amount worth more than $600 million. The latest quarterly burn of October to December 2020 saw 3,619,888 BNB burn. The cryptocurrency bull run in the first quarter of 2021 helped boost trading volumes on most exchanges, and Binance was a major beneficiary. Q4 2020 was an absolutely stellar quarter for the cryptocurrency market as a whole, and exchanges saw massive trading volumes. With this said, the previous burn – the 14th one, was a record-breaking event where the leading cryptocurrency exchange burned 3,619,888 tokens. Watch later. Cryptocurrency giant Binance has announced that it has burned 1,099,888 BNB for the first quarter of 2021, equivalent to almost $600 Million, setting a record in dollar terms.. Binance burns Binance Coin every quarter of year. Therefore, it should be noted that BNB is traded approximately 42 times higher than 1 year ago. Thanks to BNB’s massive price increase in Q1 2021, the latest burn is by far the biggest BNB burn ever in terms of the dollar value of the tokens burned. The previous record was held by the Q4 2020 burn, where $165 million worth of tokens was destroyed. CZ shared this data throughout the following tweet that also equipped the blockchain addresses of the place the group allocated BNB is stored for monitoring functions. Get Inspired By The Best Altcoin of 2021! This could push the price of BNB to a new all-time high of $750. It is buying back over $165 million in BNB. Acting on its January 2021 announcement, Binance has already begun the accelerated burn process. Another BNB Burning Is Coming Soon, Says CEO CZ, StopElon Surges Over 1000% Amid Crypto Slump, Kimchi Premium Made Bitcoin Price $5k Higher In South Korea, South Korean Government Plans To Create More Crypto Opportunities, Crypto Market Crashes, Bitcoin at $33,000, Bullish BNB Threatens to Dethrone ETH Market Position, Rocket Vault Signs Funding Contract With Six New Partners, Bitcoin Could See Huge Surge From Current Value to $400K, UK-Based Digital Bank, Revolut, Adds 11 New Crypto Tokens, Central Bank of Sri Lanka Gives Warning on Crypto Investment, Ethereum Will Reduce Energy Use by 99.95% With PoS, Analyst Predicts Ethereum Will Be Bearish Until $2500. In this weekly report (April 10 - 16, 2021): Binance burns a record $593 million in BNB, launches stock tokens, and more. However, CZ explained that coin burning increases the value of remaining coins. CZ revealed this answer when a query was made about the matter on Twitter as to when the next BNB burn will be, and CZ saw it fit to respond. The exchange permanently destroyed almost 1.1 BNB tokens worth a total of over $550 million, Binance saw 260% growth in volume and 346% growth in users in Q1 2021. Binance Coin (BNB) saw its 15th burn to date on April 16. In a statement made on Twitter two days ago, Changpeng Zhao stated the need to take some tokens out of circulation to increase the value of BNB. We also use third-party cookies that help us analyze and understand how you use this website. The 15th quarterly BNB burn occurred on April 15. Binance Exchange will burn more BNB coins in a few days according to CEO CZ. Another factor that helped BNB go on its historic rally was the rise of Binance Smart Chain (BSC), a smart contracts blockchain platform that uses BNB as its native asset. In the announcement, CZ stated that Binance will now burn BNB at a much faster rate. It appears that BNB can decouple itself from the rest of the market and break its current price range which can lead to new ATH in the range $250-$300 per token. At the current price of around $514, 1,099,888 BNB translates to roughly $566 million. This category only includes cookies that ensures basic functionalities and security features of the website. January 2021 Source. Це стало вже 15-м за рахунком BNB Burn. According to CZ, CEO and founder of Binance, the latter process would now take only five to eight years in order to complete the entire burn of 100 million BNB tokens. Binance Coin has been on a crazy run in 2021 so far, and is currently posting a year-to-date performance of +1,312%. After today’s coin burn, the total BNB supply has officially fallen from 170,532,825 to 169,432,937 coins. But in the last burn, Binance burned much more than 20%, and the exact percentage of the burn remains uncertain. However, CZ tweet got many people’s attention on Twitter. CZ, the CEO of Binance, has announced that the 15th BNB coin burn will take place in … On April 10, it reached a new all-time high price of $638.5. According to CZ, the exchange saw 346% growth in terms of users in the first quarter: "In Q1 2021, Binance recorded growth of 260% and 346% in traded volume and users respectively, while the total market value of cryptocurrencies recently surpassed $2 trillion. This website uses cookies to improve your experience while you navigate through the website. Apresiasi ini terjadi dalam waktu yang cukup singkat sehingga memunculkan pertanyaan mengenai penyebab dari dorongan beli ini. With this recent burn, the total supply of BNB decreased from 170,532,825 BNB to 169,432,937 BNB. Collins Adane is a writer who follows the crypto industry closely. Moreover, cryptocurrencies became more attractive for people in the wake of the pandemic-related financial crisis. . However, this is not the first time that Binance is doing coin burning. Tercatat pada Senin, 12 April 2021, pukul 16.32 WIB, bahwa harga tertinggi baru BNB berada pada sekitar $638.44 atau Rp9,34 Juta. 1.