Binance, the renowned cryptocurrency exchange, announced on Monday that it had executed a substantial token burn, eliminating more than 2.1 million BNB tokens from circulation, with a combined value exceeding $450 million. Token burning involves sending a specified number of tokens to an unreachable address, ensuring they cannot reenter the circulating supply. This strategy often enhances the tokens value for its holders by reducing the overall supply. Binances BNB tokens are integral to powering the BNB Chain ecosystem, serving as the cornerstone of both the BNB Beacon Chain and BNB...
source: https://tokenpost.com/Binance-Executes-Planned-Token-Burn-Removing-Over-450-Million-BNB-from-Circulation-10829
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