BNB, supported by Binance, attracts investors who want to invest in the crypto market with its long-term plans.
BNB, which ranks 3rd in the market value ranking of cryptocurrencies (excluding stablecoins), stands out with its long-term planning. The quarterly burn mechanism announced by Binance CEO Chanpeng Zhao plays an important role in maintaining price stability. Especially with the effect of the Terra crisis, investors started to pay attention to token circulation. BNB also attracts people at this point.
BNB Will Cut Its Supply By One-Third After 10 Years
Recently, Binance successfully carried out the 21st leg of the BNB burning mechanism. According to the supply reduction policy it carries out each quarter, it burned about $500 million in coins for this quarter.
This policy, determined by Binance, carries the cryptocurrency to a deflationary structure. Thanks to the deflationary system that investors are interested in, the popular cryptocurrency can be a long-term investment tool.
According to this mechanism data, if Binance sticks to the mechanism over the next 10 years, it could send more than a third of its current supply into the void. Such a result turns into an attractive factor, especially for people who invest against inflation.
The popular cryptocurrency seems to be able to survive for many years thanks to a strong financial support.
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