Binance Team Gives Up All Their Token Supply to Binance’s 8th Token Burn

Binance Team Gives Up All Their Token Supply to Binance’s 8th Token Burn Binance Team Gives Up All Their Token Supply to Binance’s 8th Token Burn
By Mary Kihoro - July 12, 2019

Binance BNB


Leading crypto trading platform, Binance, is set to carry out its 8th token burn today where 808,888 BNB tokens worth about $ 23,838,000 will be burnt in the quarterly burn.

The Binance team that holds 40% of the total BNB in supply has stated that it will give up all the tokens needed for this burn. The team has stated that it’s giving up all its BNB tokens worth $2.4 billion to be burnt.