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Binance Coin Burn Plan in 2017 Fall

Binance
2017-10-09 11:29

Fellow Binancians,

With your support, Binance has grown quickly since launching on July 14th, 2017.  In accordance with our whitepaper, each quarter, we will burn BNB based on our trading volume until 50% of all BNB is burned. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.

Even with all the unexpected events we had to handle during our very first quarter, we are looking to be profitable.  We will announce our first quarter burn amount on Oct. 15, 2017 (UTC Time). And complete the burn event before Oct. 18, 2017.  The burn event will be done on the blockchain, and a link will be shared with all of you.

Thank you for your support!

Binance Team

2017/10/09

 

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