- Binance CEO Changpeng Zhao told community members to anticipate BNB burn in a few days.
- The BNB burn will be the fourth this year and the 25th overall.
- The quarterly burns follow a 2017 commitment to remove 100 BNB tokens from circulation.
Changpeng Zhao, co-founder and chief executive officer of crypto exchange Binance, in a recent tweet on X – formerly X – told the Binance community members to anticipate a BNB burn in a few days. The upcoming burn will be the fourth this year, after a previous burn in July.
Notably, Zhao hailed BNB as a fair launch token. According to him, no one got free BNB tokens from the initial supply. He continued that even the tokens allocated to the team remained untouched and were only burnt.
Furthermore, Zhao referenced a 2021 tweet where he listed the four addresses that hold the BNB team tokens. In the tweet, he also mentioned that the Binance team has never sold a single BNB token from the wallet. He added that the tokens are available for the public to view via the addresses and have only been burnt so far.
The quarterly BNB burns are part of a 2017 commitment made after the token’s launch to remove half of its total s…
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