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Binance Completes 16th Quarterly BNB Burn

Binance Completes 16th Quarterly BNB Burn

2021-07-18 16:04
Fellow Binancians,
We have completed our 16th quarterly BNB token burn of 1,296,728 BNB (roughly $393,673,653.52 equivalent). The latest quarterly burn includes the actual burning of 1,291,565 BNB, plus an additional 5,163 BNB that was effectively burned via the Pioneer Burn Program.
As per white paper, the remaining locked team BNB are now unlocked and have been moved to the team address. The Binance team has never used or sold a single BNB from the team allocation so far, other than burning.
16th Quarterly BNB Burn Txid:
Transfer Txid:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.

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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.