The Coin Shark: Binance Will Conduct 14th BNB Burn in 48 Hours
Binance Will Conduct 14th BNB Burn in 48 Hours?
The BNB coin is the working token of the Binance cryptocurrency exchange. It has active use. Therefore, it is not surprising that interest in coins rises significantly before burning
The amount in circulation will decrease, and against this background, the price of the token on the eve of the burning increased from $40.9 to $45. The total daily gain was 10%. The coin is just a few steps from its all-time high of $45,162.
The fact of the imminent burning of tokens was confirmed by the CEO of the exchange, Changpeng Zhao. He recalled that the exchange buys and destroys BNB for 20% of its quarterly profit.
Within the next 48 hours ish. https://t.co/JmM0P45SlO
— CZ 🔶 Binance (@cz_binance) January 17, 2021
To date, there have been 13 quarterly burnings. Around $68 million worth of Binance Coin was destroyed in October. Since then, the price has increased significantly, as have the trading volumes.
Additional Info
- Read full article on: The Coin Shark
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.