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RE: Binance to offer $10 million bounty for information leading to Hacker Arrests
$250,000 Paid in BNB to the persons that catch the crooks.
Wait a second, that brings a great idea! A coin in which the Proof-of-Work based on how many crypto crooks brought to justice! What? I blew my own mind!
Haha yes, that would be something.
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.
Very good point. Perhaps Binance will buy their own coin instead of increasing the supply. Binance buying power is downright retarded.