Binance to Burn Over $2.5 Billion of Its BNB Stash. Guess Who Benefits?

​ Binance yesterday completed its eighth quarterly "burn" of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng "CZ" Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote th...
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76 Hits

Binance Destroys $26 Million Worth of Its Team’s BNB Tokens

Binance, the world's top exchange by trading volume, says it has completed the eight quarterly "burn" of Binance coin (BNB) tokens. The exchange posted Friday that the burn – the industry term for destroying tokens – comes in accordance with its white paper and involved 808,888 BNB previously allocated to the Binance team. The amount was worth arou...
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144 Hits

#UseBNB as of May 2019, Now With Binance Chain

Here’s the latest expansive universe of the use cases for Binance Coin (BNB). Thanks to Binance Chain, this universe just got a whole lot bigger.
The last time Binance provided a list of use cases for Binance Coin (BNB) , around late March , we counted around 55 use cases for storing, using, and spending BNB. This time, we're counting at least 83. This means that since we last wrote about #UseBNB on this blog, we've increased the number of use cases for BNB by more than 50%. You can see the ...
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160 Hits

From BNB to HT: What Are Exchange Based Tokens? The Complete Guide

Cryptocurrency exchange tokens have been around for quite some time, as platforms found a convenient way to increase liquidity by also providing additional value to their native token holders, as well as discounts for trading fees. However, 2019 has turned out to be particularly fruitful for the major exchange tokens which mark notable gains throug...
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182 Hits

Binance Changes Launchpad Token Sale Format to Lottery

  Leading cryptocurrency exchange Binance announced major changes to the format of its Launchpad token sale in a post on its blog published on March 24. Per the announcement, the company "will use a new lottery format for the next project on Binance Launchpad." Previously, the system functioned on a first come, first served basis, which left m...
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716 Hits

Binance Partners With Blockchain-Based Startup Libra Credit for Loans Collateralized by BNB

Binance Labs recently partnered with Libra Credit to offer loans collateralized by BNB. The partnership aims to address the "growing global demand for liquidity of crypto assets based on the Ethereum blockchain." ​ Binance Labs, the investment arm of leading cryptocurrency exchange Binance , has recently partnered with Libra Credit to offers its us...
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290 Hits