Binance to Report On New BNB Coin Burn

2 220 314 BNB tokens ( approx. $30 000 000 ) were destroyed
16 April 2018   434

The Binance Exchange has reported on the successful third quarterly burning of its own Binance Coin tokens.

BNB Burn

2,220,314 BNBs were destroye for a total of about $ 30 million, representing 20% ​​of the company's revenue for the last quarter.

As noted by the CEO of Binance Changpeng Zhao, in dollar terms the amount was less significant than last quarter, in Binance Coin - more. He explained this: the volume of trading on the market of crypto-currency, including Binance, has recently declined, which is why the stock exchange collected fewer fees in Fiat. However, the price of Binance Coin also decreased.

At the same time, Zhao notes that Binance Coin's price has been quite good for the other crypto currency, which caused many market participants to view their own exchange token as a tool to protect assets in the period of high volatility.

Binance to Donate $1M to Japanese Flood Victims

Changpeng Zhao called cryptocurrency community for donations
09 July 2018   367

Binance, the largest in terms of trade transactions, has donated $ 1 million to flood victims in Japan, and invites other companies and individuals to join the charity initiative.

Our hearts go out to the victims in West Japan. Binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.

Changpeng Zhao

CEO, Binance

Changpeng Zhao noted that the exact scheme for transferring funds to the flood victims will be determined in the very near future. Those who also want to make a donation, are invited to a Twitter reply, while such a gesture of good will will be taken into account when considering their coins listing on Binance. Such a donation can be done in ETH or ERC-20 tokens.

A major flood in Japan this week was caused by a typhoon that caused heavy rainfall. According to themedia, as of Monday mornng the number of deaths due to torrential rains and landslides reached more than 100 and many are reported missing.