Binance CEO Responds to Concerns Around BNB Supply and New Token Burn Process
Binance concluded its token burning process on Friday, 12th July 2019, as it destroyed over 808,888 BNB tokens. The value of the tokens burned is $25.2 million at press time. It represents the 20% quarterly profit of the Exchange. The design of the Binance [BNB] coin is such that Binance will burn about 100 million coins
Binance concluded its token burning process on Friday, 12th July 2019, as it destroyed over 808,888 BNB tokens. The value of the tokens burned is $25.2 million at press time. It represents the 20% quarterly profit of the Exchange. The design of the Binance [BNB] coin is such that Binance will burn about 100 million coins