Binance Will Burn ALL Of Team’s Total Allocation From ICO 2017

Another BNB burning will happen according to recent tweets from Binance CEO, Changpeng Zhao. 

The tweet details about the exchange team’s 40% allocation of the 200 million BNB minted during the 2017 ICO. 

ALL of the team’s total allocation will be burned. That is almost 80 Million BNB estimated at $41 Million. 

The tweets has garnered some mixed reactions with some saying that its better to use it for charity.

But the Binance CEO has stand firm with the decision and has shared the addresses of the  team’s token allocation that will be burned.

With this in mind, the total supply of BNB tokens in circulation will be reduced and hopefully take an effect in the token price.

#SmartCrypto