Binance Completes Its 17th Quarterly BNB Burn

A cryptocurrency exchange which is currently the largest exchange in the world Binance, completes its 17th quarterly burn event. Binance permanently removing 1,335,888 BNB, or the equivalent of approximately $639,462,868 USD from circulation.

Every quarter, Binance commits to burning BNB, until 50% of the total BNB supply (approximately 100,000,000 BNB) is removed from circulation. 40% of the total BNB supply (80,000,000 BNB) was originally allocated to the Binance team. This team allocation remains untouched, with zero BNB tokens having been used or sold for any purpose other than for our quarterly burn events.

BURNING DETAILS

• Total BNB burned: 1,335,888 BNB

• Approximate value in USD: ~$639,462,868 USD

• Transaction ID (TXID) for BNB burn: View Transaction 

• BNB burned from the Pioneer Burn Program: 17,839 BNB

• Total BNB supply has decreased from approx. 168,137,036 BNB to 166,801,148 BNB

ABOUT Binance
Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies.

RESOURCES
https://www.binance.com/en/blog

Source: https://thebittimes.com/binance-completes-its-17th-quarterly-bnb-burn-tbt4633.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com