How The $32 Million Coin Burn Affects Binance Coin? BNB Setting New Standards? What is a Coin Burn?

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According to the exchange’s whitepaper, every quarter, Binance will use 20% of its profits to buy back Binance Coin at market value and ‘burn’ them, removing said tokens from the overall circulating supply. This process will continue until 50% of all BNB are burned, or approximately 100 million tokens.



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Category
Crypto News
Tags
Binance, binance coin, what is coin burn, what is proof of burn, bnb, exchange coins, crypto daily, crypto news, bitcoin news, btc news

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