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RE: Binance to offer $10 million bounty for information leading to Hacker Arrests

in #binance7 years ago

BNB is an iffy token whose price is probably maintained by low suppy due to Binance's hold of a substantial chunk of the tokens.

Binance paying bounties with BNB is a way for them to cash in on their BNB holdings without directly increasing the supply of the token in the market.

Whoever receives the $250k worth of BNB might end up with less than $250k when they try selling all at once.

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Very good point. Perhaps Binance will buy their own coin instead of increasing the supply. Binance buying power is downright retarded.

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