BNB Burn Buyer — Strategy by pAulseperformance
By pAulseperformance
Performance Metrics
- Author: pAulseperformance
- Symbol: BINANCE:BNBBTC
- Timeframe: 4 hours
- Net P&L: −411.39 USD (−4.15%)
- Win Rate: 27.3%
- Profit Factor: 0.587
- Max Drawdown: 410.89 USD (4.11%)
- Total Trades: 11
- Sharpe Ratio: −0.402
Description
Oct 6, 2020This strategy is only meant to be used on BNB.It's more of an inconclusive analysis of the effect of BNB's quarterly coin burn.To date there have been 13 coin burns. According to Binance's whitepaper, each quarter, they will burn BNB based on their trading volume until 50% of all BNB is burned. They eventually will destroy 100MM BNB, leaving 100MM BNB remaining.Historically, coin burns for the 3rd quarter happen around October 17th-18th. So keep an eye out for those dates.I built this strategy to run some experiments and test the fundamental effect a known coin burn has on the price. So far more testing is needed. So leave your insights and comments below!Oct 26, 2020Release NotesUpdated For Newest Burn Date