On April 15th, Binance’s development team managed to complete the third quarterly programmed burn of 2,220,314 BNB coins, which were worth a whopping $30 Million at that time. This makes the total supply at 194,972,068 and the supply in circulation at 114,041,290 BNB tokens.
According to their whitepaper, every quarter, Binance uses 20% of the its earnings to buy back BNB and burn them. Their target is a total of 100 Million tokens that will be destroyed, meaning that another 94,972,068 BNB tokens are left to go.
Before the coin-burn, the price

This post is an exerpt of an original post published on Coindoo. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.

China Updates Crypto Rankings, Downgrades Bitcoin

China Updates Crypto Rankings, Downgrades Bitcoin The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects,...

Dutch Supermarket Giant Adopts Blockchain to Make Orange Juice Production Transparent

Dutch Supermarket Giant Adopts Blockchain to Make Orange Juice Production Transparent Albert Heijn, Holland’s largest supermarket chain, has revealed it is using blockchain to make the production chain...

8 Celebrities Who Love Crypto

Over the past couple of years, cryptocurrency has received a star-studded boost from actors, reality stars and singers. Some of these celebrities are deeply...

Pavo Teams with TAKE Energy Corporation of Japan

Pavo, a software company providing a fee-based IoT Blockchain software platform for the agriculture ecosystem, announced today a partnership with TAKE Energy Corporation of...

US Navy Launches Blockchain Research in Mission to Improve Tracking System

US Navy Launches Blockchain Research in Mission to Improve Tracking System A U.S. Navy command is exploring the potential of blockchain technology in tracking...

TTC Protocol Partners with the White Hat Hacker Community Hacken, to Improve its Cybersecurity

The same year, hackers attacked Uber exposing data of 20 million users. In about a year, both companies started a bug bounty program to...
loading...