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Binance to burn BNB worth $37 billion from 2017 ICO

Binance to burn BNB worth $37 billion from 2017 ICO



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  1. So they have 40% of the max supply? That’s around 68 M. If they are burning that leaves us with a current supply of 86 M (154 M – 68 M). With the current market cap the price of BNB would rise to around 800 dolars. That’s around a 100% increase. Wtf. Should we buy BNB now? What am I missing?

  2. tldr; Binance CEO Changpeng Zhao has announced that the exchange team was allocated 40% of the 200 million BNB tokens minted during the 2017 ICO. The amount is almost $37 billion, and it will be burned instead of selling at a profit. This comes after Binance launched a blockchain network.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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