Binance to Burn Own Tokens for 7th Time

This time, the exchange burned 829,888 BNBs, which roughly corresponds to $ 15.6 million
16 April 2019   404

Binance Cryptocurrency Exchange conducted the seventh procedure for burning BNB tokens.

This time, the exchange burned 829,888 BNBs, which roughly corresponds to $ 15.6 million. The table below shows that compared to last time, the volume of withdrawn tokens decreased twice:

BNB Token Burn Table
BNB Token Burn Table

The amount of BNB burned this quarter is about half the amount burned last quarter. But considering BNB has more than tripled in value during these past 3 months, the USD equivalent is significantly higher than last quarter.

Changpeng Zhao

CEO, Binance

Binance representatives also noted that as the price increases, BNBs will decrease and the volume of regularly burned tokens.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   333

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.