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Binance Burns $30 Million in BNB Tokens, Price Drops

  • Published on: Apr 15, 2018 - 7:42 PM
  • Source: Bitcoinist

Binance Burns $30 Million in BNB Tokens, Price DropsLast night, Bitcoinist reported that Binance, one of the most popular cryptocurrency exchanges in the world, would likely be executing its unspecified quarterly coin burn sometime today — which is exactly what happened. Burn Victims Earlier today, the Binance team announced the results of its Q2 2018 coin burn in an official post on the exchange’s support page, writing: Fellow Binancians, In accordance with our whitepaper, we have now completed the burn of 2,220,314 BNB (roughly $30MM USD equivalent) for the our [sic] 3rd quarter. Thanks for your support! Immediately preceding and immed …

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