According to the official announcement by Binance cryptocurrency exchange, the platform burned 1,643,986 BNB, roughly valued at the U.S. dollar equivalent of $17 million in accordance with its whitepaper.
The burn of platform cryptocurrency occurred with the Binance’s buyback policy, the aim of which is to purchase back platforms in-house digital asset (BNB) at market values in an apparent bid to please the investors.
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