Coin Burn
Each quarter Binance uses 20% of profits to buy back and burn BNB, until 100MM BNB are burned.
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Added 18 December 2017
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Binance announced its second-quarter burn of $60 million of its native BNB token surpassing its prior all-time high from last quarter.
While not explicitly based on revenue, the burns are indicative of trading volumes on the exchange and should generally reflect Binance’s performance. Spot volume ...
Binance, a leading crypto exchange, has announced its quarterly token burn totaling $52.5 million worth of its native BNB token. This surpasses its prior all-time high in Q1 of 2018 at the peak of the last bull-market when trading volumes were also at historic highs. While prior burns served as a pr...
News
18 April 2020
Binance releases whitepaper detailing a new Ethereum-compatible smart contract platform
Binance has released a whitepaper detailing a new “high-performance” blockchain that supports smart contracts and decentralized applications (dApps). The proposed network, dubbed Binance Smart Chain (BSC), will run parallel to the company’s existing Binance Chain.
This new smart contract layer will...
