**With the marketcap of 1.6B, #BNB is trading around the price of $14 at the time of writing.
BNB is token coin offered by world’s popular cryptocurrency exchange #Binance, which is based on #ERC20 ethereum blockchain.
Since their launch on 14th July 2017, #Binance has become one of the most popular and profitable crypto currency exchange.
An effort to bring #BNB coin more valuable, #Binance schedule quarterly coin burns where 20% of the profit is used to buy back and get rid of #Binance Coin, reducing the supply will make #BNB token coin more valuable in the crypto market.
Why and What is the #Binance coin Burning?
The #Binance Coin burn is the process of making the cryptocurrency more valuable. As laid out in their whitepaper.
( 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. )
Till now Binance executed 3 Burns of BNB coin.
The first happened on October 18th 2017, where 986,000 #BNB coins were burned.
2nd happened on January 15th 2018, where 1,821,586 #BNB from the supply eliminated.
3rd on April 15th, 2,220,314 #BNB burned from the system.
Binance Coin Prediction
Last Time when BNB coin burned executed on 18th April 2018, #BNB coin was pumped more than 50% of it's actual price, making low as $10 to high $16 of April 2018. And we expecting this time also #BNB coin will spike 50%, of price trading $14 at the time of writing.
Are you accumulating #BNB coin before its skyrockets ?? 🚀🚀🚀
What are your price predictions on #Binance Token coin ??**🤔🤔🤔