Many BNB investors simply reject the “Binance”, but this appointment has failed to identify its broader openings. While BNB was initially launched as an original symbol of the Binance series (Now the BNB Smart Series), and early early symbol burns were associated with Binance quarterly profits, BNB is developing into decentralized assets with multiple cases of use and economic value causes.
While BNB may have some valuable merits from the expansion of Binance, the symbolic supply model and the development of the BNB series provides two independent sources of value. First, BNB works as a value store through the quarterly and fixed BNB burning mechanisms. Second, it runs the functions of the smart contract via the smart BNB series, which has become a growing center for Defi and Amaming applications.
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The shrinkage store for the value
The BNB burning mechanism is distinguished from almost every encrypted currency. Let’s compare BNB with BTC, ETH and Sol:
- BTC: inflation, but with covered offer.
- ETH: inflation or contraction, due to unexpected burning rates associated with the network activity.
- Sol: inflation, starting at 8 % and decreasing over time.
A unique BNB burning process; It removes symbols from the blood circulation based on the number of produced blocks and the average price per quarter, in addition to a fixed percentage of the accumulated gas fees in each block. Nearly 60 million BNB (~ 35 billion dollars at current prices) has been burned so far, which has reduced the circulating offer to 142 million. The last quarter of a quarter of a billion dollars of BNB of existence – at an annual contraction rate of 4.6 %!
Bitcoin currently gets the most interest as a store of value assets due to the first engine feature, market CAP and a strong network of miners. Any change in the Bitcoin symbol (i.e. changing the target offer) must be agreed by the majority of the network, which would be very difficult with the level of decentralization in Bitcoin. Investors should notice that BNB Burn has already been adjusted from the original white paper so there is no guarantee that will not be changed more. This is the comparison with the strategy of burning an aggressive symbol.
source: bnbburn.info
BNB Series – L1 Citizen Code
The following development of BNB is the BNB ONE Chain initiative, which aims to unify a multi -physiological ecosystem designed for the inter -operation of the Web3:
- BNB Smart Series (BSC): fast -cost Defi axis EVM.
- BNB Greenfield: Innovative Time Data Storage Network.
- OPBNB: High Productive Product Production Rolop, designed for chain games and high -order DAPP games.
With the presence of many opposite winds facing Ethereum (which is the 2 layer and inflationary concerns), the BNB series initiative provides one applicable alternative to developers and Web3 applications.
Now, not all rainbows and butterflies with BNB. Investors still have to consider the danger to pay their decentralization is only a marketing trick, as well as the ongoing organizational battles on your well -known Binance Policy (KYC) and other issues.
With Richard Ting is now on top of the stock exchangeThe next chapter of Binance and BNB will focus on compliance and work with organizers/exchanges to increase access to the BNB code. With BNB mostly not available on American exchanges, the distinctive symbol is still achieving a ~ ~ 100 billion market market With international support alone. With the relief of US encryption regulations, BNB re -entering the American market can be a great incentive for further growth.
Disclosure:
Osprey Funds Trust Osprey Bnb Chain (OBNB) runs, and is a single -asset confidence that provides BNB exposure and publicly says in the OTCQX market. Investors can learn more and read the confidence bulletin in Osprefunds.io. Matt does not have any bnb or obnB.
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