#Bitcoin is up | NRSZ241 on Binance Square

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#Bitcoin is up

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1. Crypto Market Analysis Topic: Recent market conditions and future prospects. Text: "Hello friends! In this post I would like to talk about the latest situation in the crypto market. In particular, how much the prices of Bitcoin and Ethereum have increased and comment on the possible reasons. What do you think, is the market Will it increase or decrease?" 2. Binance User Guide Subject: Instructions for new users on the Binance platform. Post: "Hello everyone! If you are new to Binance, this post is for you. I want to share some important tips to make your experience using Binance easier and more enjoyable. What features do you think new users should use?" Should he know?" 3. Crypto Security Highlights Topic: Crypto Security Tips and Ways to Keep Your Account Safe Post: "Hello! The topic of crypto security is very important. In this post, I would like to share some important points and tips on how to keep your Binance account and your valuables safe. Any additional measures you think should be added?" ?" 4. Future strategies of crypto Topic: Debate on future trends for crypto users. Post: "Hello friends! There is a lot of talk about the future of crypto. I would like to offer some strategies and ideas based on my own experience. What do you think, will crypto become mainstream in the future or will it remain only for special users? what?" 5. New Binance Features Subject: Information and comments about new features of Binance. Post: "Hello everyone! Binance has recently introduced several new features. I'd like to tell you about these features and hear your thoughts. Which feature do you find most interesting?" #Binance #Crypto #Blockchain #Bitcoin #Altcoins $BTC $BTC $BNB

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#BNBAnalysis #BNBToken Binance buys tokens mainly through a token burn process as part of their quarterly BNB (Binance Coin) burn. This mechanism is designed to reduce the total supply of BNB over time, increasing its scarcity and potentially its value. Here’s how it works: 1. When Does Binance Buy Tokens? Binance buys back and burns tokens every quarter. The exact date varies, but it is generally done about 15 days after the end of each quarter. For example, the first quarter of the year ends in March, so the burn happens around mid-April. 2. What Tokens Does Binance Buy? BNB (Binance Coin): Binance buys back and burns BNB tokens, which are its native cryptocurrency. The burning process reduces the circulating supply of BNB. 3. How Much Does Binance Burn? The amount of BNB burned is determined by: Profits generated by Binance in the previous quarter (a portion of Binance’s profits is allocated for the burn). Auto-burn mechanism: Binance uses an automatic formula based on the BNB price and the number of blocks generated on the Binance Smart Chain (BSC) to calculate the amount to be burned. Additionally, BNB Chain (BSC) validators also burn a portion of gas fees spent on the network. The BNB Auto-Burn system is designed to continue until 50% of the original supply (200 million BNB) is burned, leaving a total of 100 million BNB. Examples of Token Burns: 22nd Burn (January 2023): Binance burned 2.06 million BNB (~$575 million at that time). 23rd Burn (April 2023): Binance burned 2.02 million BNB (approximately $676 million). Why Token Burns? The main reason for burning tokens is to decrease the overall supply of BNB, making the remaining tokens more valuable. It benefits long-term holders and helps maintain BNB’s deflationary nature. Aside from BNB, Binance does not typically buy and burn other tokens. $BNB $BTC $ETH

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