Over 2.02 million BNB burned

The Binance crypto exchange burns its own tokens on a regular basis. This is the 23rd stage of BNB destruction. This time, more than 2 million altcoins were withdrawn.

Why does Binance burn its coins?

More than 5 years ago, the team launched a program to destroy crypto-exchange coins. Its goal is 100 million. assets that make up 50% of the total issue. Two years ago, the exchange launched an Auto-Burn formula for this.

According to the results of the quarter, out of the total number of destroyed tokens, about 656 BNB were in the Pioneer Burn program.Note that in January, Binance also burned tokens – 2.06 million. Their price at that time was $ 575 million.

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