Binance 1st Quarter BNB Burn Event

2017-10-18 09:48

Fellow Binancians,

In accordance with our whitepaper, each quarter, we will burn BNB based on our trading volume until 50% of all BNB is burned. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.

Based on our 1st quarter trading volume, we have burned 986,000 BNB. The burn record is public on the blockchain.

Transaction id: https://etherscan.io/tx/0x5c2c458b4af0ed8d3ce822fbae71878de10b8a2405101344456c358e19045463

You can also see the current total supply has decreased by 986,000 BNB: https://etherscan.io/token/0xb8c77482e45f1f44de1745f52c74426c631bdd52

Here is a video of the burn process:https://www.youtube.com/watch?v=Da2pRlOELr8&feature=youtu.be

Thank you for your support!

Binance Team

2017/10/18

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