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Tag Archives: BNB

Binance to Burn $2.4 bln Worth of BNB, Reduce Token Supply

Jul 13, 2019

Olusegun Ogundeji

Top cryptocurrency exchange, Binance, has initiated the process of giving up 40% allocation of the total supply of its native token Binance Coin (BNB). The earmarked 80 mln BNB (currently worth about US$2.4bln) was originally meant to reward the Binance team for their effort at build...

Binance Market Cap to Rise in coming Days

Sep 24, 2018

Olusegun Ogundeji

The founder of Binance exchange has disclosed their plan to move unlocked BNB balances out of the creator's addresses over the coming days to fit its circulating supply on the popular market capitalisation platform, CoinMarketCap (CMC). According to Changpeng Zhao (CZ), the move w...