Binance destroys $390m worth of tokens

3 months ago 71

Binance has burnt about $390m worth of Binance Coin in its 16th quarterly token burn event. The company announced that it had destroyed 1,296,728 BNB tokens valued at around $400m at the time. In a tweet, the Chief Executive Officer of Binance, Changpeng Zhao, said, “In summary 1,296,728 BNB ($390,855,150) burned by Binance. “The remaining…

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