Binance to Earn $78M in Q1 2019, The Block Reports

Binance does not publicly disclose its financial statements, however, the company's profits can be calculated based on the number of burned BNB tokens
17 April 2019   103

According to calculations by The Block researchers, the profit of the Binance Bitcoin Exchange in the first quarter of 2019 was $ 78 million.

At the same time, in the IV quarter, the popular marketplace earned $ 47 million. Thus, in the first quarter, profit growth was 66%.

Binance Profit Acc. to The Block
Binance Profit Acc. to The Block

According to analysts, Binance does not publicly disclose its financial statements. However, they argue, the company's profits can be calculated based on the number of BNB tokens burned by the company. For example, today the marketplace conducted the seventh token burning procedure. During its course, 830,000 BNBs were burned, representing 20% ​​of the profits in the first quarter.

In total, according to the results of these procedures, Binance destroyed 11.6 million BNB tokens. Thus, noted by The Block, for seven quarters the marketplace received $ 733 million profit.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.