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Binance Updates White Paper to Reword Section on Quarterly Manipulations with BNB


Binance has recently updated its white paper’s section devoted to quarterly manipulations with its native token binance coin (BNB), based on a version of the white paper backed up on the Internet Archive Wayback Machine on Feb. 8.

According to the section “Repurchasing plan” in the older version, Binance stated that they would buy back BNB each quarter using 20% of their profits, and then destroy them until the exchange buys 50% of all 100 million BNB back.

Read more at CoinTelegraph

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