Binance pledges to burn its entire team allocation of BNB, over $2 billion to be burned

The world’s leading cryptocurrency exchange Binance pledged to burn its entire team allocation of BNB, a token representing pseudo-equity in the exchange, which provides ‘dividends’ through burn appreciation and additional value in the Binance ecosystem. The move is unprecedented, with the exchange burning $2.5 billion in tokens at current prices.

Binance will burn 80 million BNB worth $2.5 billion

Binance CEO Changpeng Zhao (‘CZ’) announced in his latest AMA (“ask me anything”) that his company will burn its entire allocation of BNB.

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