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Cryptopolitan 2019-07-12 16:00:17

Binance has burned 808,888 Binance Coins

Binance cryptocurrency exchange has announced that the quarterly BNB burn has gone swimmingly as the exchange burned nearly one million Binance Coins worth around $24 million with the current market price. This was nothing new as it was the eighth quarterly burn of the promised 100 million BNB over the course of the next couple of years. In the beginning, when BNB first came out, the team received around 80 million BNB, 40% of the overall circulation. All of which will be burned eventually per the white paper. Binance CEO has mentioned that they are sticking to burning BNB according