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Binance Completes 8th Quarterly BNB Burn

Binance
2019-07-12 02:44

Fellow Binancians,

In accordance with our whitepaper, we have completed our 8th quarterly BNB token burn of 808,888 BNB (roughly $23.8 MM USD equivalent) from Binance Team tokens.

8th Quarterly Burn Txid: https://explorer.binance.org/tx/9B29E778EEC20E6AB0676A11E88C7CD00DFAB2849C34B6C6A3EAEE6B4E6A8C6D

Starting with this burn, Binance will relinquish the BNB tokens allocated to the Binance team and contribute this BNB towards our commitment to burning a total of 100 million BNB. The Binance team tokens equate to 40% of the total BNB supply (80,000,000 BNB, currently worth about US$2,400,000,000). For further information on this change, refer to our detailed blog post here.

Tx from Binance team address back to creator address: https://explorer.binance.org/tx/0D2ABC612FE5E30F7C51A64D879AF6951E678EFF9FAD09A5E3B7A3404E555296

Thanks for your support!

Binance Team

2019/07/12

 

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