Binance Announces 'Significant' Multiple Token Burn
On January 22, Binance will burn a “significant amount” of exchange-related cryptocurrencies on various blockchains.
Binance did not disclose the names of digital assets and the exact time of their burning.
When asked by one of the users whether the announced initiative will increase the total supply of BNB, representatives of the exchange responded:
“BNB was originally released as an ERC-20 token (on the Ethereum platform), but has since been migrated to the BNB Chain mainnet. The initial total supply was determined to be 200,000,000 coins, but due to regular burning, the supply is gradually decreasing."
