$ASTER I’ll explain some of the tricks currently used in these buyback-and-burn projects.
Let’s take BNB as an example. Binance allocates 20% of the profits it earns from fees to burning BNB, but the BNB it burns belongs to CZ himself.
It’s like passing something from one hand to the other: a buyback spectacle. In the end, what gets burned are tokens the team already held, which weren’t in circulation anyway. Another garbage token in the Binance ecosystem, $ASTER , uses exactly the same trick. It’s the BSC ecosystem’s tradition: always the same trick and the same method. However, BNB has Binance’s strong backing, so its price can rise even with a fake burn. The same won’t necessarily happen with ASTER.
Let’s take BNB as an example. Binance allocates 20% of the profits it earns from fees to burning BNB, but the BNB it burns belongs to CZ himself.
It’s like passing something from one hand to the other: a buyback spectacle. In the end, what gets burned are tokens the team already held, which weren’t in circulation anyway. Another garbage token in the Binance ecosystem, $ASTER , uses exactly the same trick. It’s the BSC ecosystem’s tradition: always the same trick and the same method. However, BNB has Binance’s strong backing, so its price can rise even with a fake burn. The same won’t necessarily happen with ASTER.