In the Binance media online question-and-answer meeting held on May 18, Binance co-founder He Yi said that Binance does not plan to distribute dividends to BNB holders. BNB holders who recommend new users can get rebates. She told the media that as long as she holds BNB, she is the boss of Binance.
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The picture shows the price trend of BNB today. The picture comes from: coinmarketcap
BNB is a token issued by the Binance trading platform, and its total issuance is constant at 200 million. According to the rebate rules released by the relevant person in charge of Binance to the media, Binance will adjust the rebate rules at 08:00 on May 19th (UTC+8). The rules state that if a user holds more than 500 BNB (only including account balance, excluding pending orders and cash withdrawals), the rebate ratio will be increased to 40%, and holders who do not reach 500 BNB will continue to follow the original 20% rule implement.
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OKB price trend for a week Image source: Feixiaohao
Recently, currency prices have continued to decline, and BTC has fallen to the edge of $8,000 today. In the depressed digital currency bear market, the prices of OKB, HT, and BNB issued by the digital currency trading platform rose instead of falling. According to Feixiaohao data, as of the publication of the article, BNB ranked 20th in the global digital assets with a market value of 189 million US dollars, while OKB and HT ranked 18th and 21st respectively.
Different from other cryptocurrencies, platform currency generally only circulates on its own platform. Platform tokens also have more ways to play. Taking BNB as an example, holders can use BNB to deduct platform transaction fees, vote on currency listing, and deduct decentralized platform use fuel fees, etc.
For holders of their own platform currency, the three trading platforms have corresponding welfare mechanisms. OKB takes 50% of the weekly transaction fee as dividends for investors holding OKB, while Huobi and Binance use the repurchase mechanism to repay platform currency holders. Before the rule revision, Binance Exchange will use 20% of its quarterly net profit to repurchase BNB, and the repurchased BNB will be directly destroyed until 100 million BNB are destroyed. This move is to increase the scarcity of BNB.
(I am Mo Xinnan, the author of Odaily. I am exploring the real blockchain. Please add WeChat: m15978294590 for communication. Please note your name, company, and position.)
(I am Mo Xinnan, the author of Odaily. I am exploring the real blockchain. Please add WeChat: m15978294590 for communication. Please note your name, company, and position.)
