Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Riya143 on July 19, 2020, 05:26:35 PM
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The latest burn—on the exchange’s anniversary—hopes to boost the price of the token.
Cryptocurrency exchange Binance on Friday announced its biggest ever coin burn—removing $60.5 million worth of BNB from circulation.
The coin burn destroyed 3,477,388 BNB—an Ethereum-based ERC-20 token used as a medium of exchange on Binance. The 12th quarterly burn is part of the exchange’s strategy to cut its supply in half to 100 million coins.
Read More: https://decrypt.co/36009/binance-destroys-60-5-million-worth-of-bnb-in-biggest-burn-to-date