BINANCE BURNS MORE THAN 1.6 MILLION BNB COINS BUT PRICE DROPS

In an official release dated October 17, Binance announced that it has successfully completed its 5th quarter token burn, as per its whitepaper. Exactly 1,643,986 BNB were destroyed, which is the rough equivalent of $17 million.

Interesting article about how Binance is using part of its profits from trading fees to buy and burn its own token. Ok, I need help understanding this, Binance makes a ton of profit from trading fees, we all know that, if I buy the token, do I get a part of that profit? Binance buying and burning the token is nice, but does the Binance token pay a dividend?

Read the full story here...
https://bitcoinist.com/binance-burns-1-6-million-bnb/