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Is Binance legally obligated to burn BNBs every quarter?

Is Binance legally obligated to burn BNBs every quarter?

Bitcoin Reddit

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New to Binance and I would like to know the potential risks involved in investing in BNB. Right now at over $3B market cap, it’s trading at approximately 50 times of its trailing 4 quarter burns in USD terms ($65 million). Essentially it’s priced to grow trading profits at 20% a year for the next 10 years assuming a discount rate of 10%. Now this looks to be reasonably priced to me if Binance can keep growing at this speed and stick to the burn schedule.

Is it possible for CZ to decide that he wants to lower the percentage of token burn or even stop it all together? Can he later create more BNBs out of thin air? How does BNB governance work?

submitted by /u/ether2015
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