Binance Announces $32 Million BNB ‘Coinburn’, What that Means for BNB Holders

2018-7-19 03:38

Binance CEO Changpeng Zhao (CZ) has released a ‘Recap’ of the popular exchange’s quarterly ‘coinburn’. For this quarter’s burn, Binance will be rebuying and destroying 2. 5 million of their native BNB tokens, worth approximately $32 million.

The exchange intends to keep burning tokens until it buys back half of all the tokens in existence. According […]. origin »

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Binance and KuCoin Commence Quarterly Burns of BNB and KCS Tokens

International, multi-language cryptocurrency exchange behemoth Binance has officially announced the fourth quarterly coin burn of its in-house Binance Coin token (BNB).   The announcement comes via Binance’s founder and CEO, Changpeng Zhao, on Twitter — where the business executive wrote: @binance is doing a final tally on the numbers, and will announce our 4th quarterly burn in the next day or so, and finish the burn within a couple days after that.

2018-7-16 16:00