The global cryptocurrency exchange Binance continues to torch its own utility token, Binance Coin (BNB), in an effort to maintain the asset’s value. This week, the exchange completed its 16th quarterly token burn of 1,296,728 BNB worth about $393.67 million, according to a press release. Binance performs coin-burning events every quarter until it destroys 100 […]The post Binance Torches Over 1,000,000 BNB Tokens in Latest Quarterly Burn appeared first on The Daily Hodl.
