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Binance team will “will give up all of our BNB allocations and contribute them towards our commitment to burning a total of 100 million BNB” : CryptoCurrency


Crypto Currency

Binance team will “will give up all of our BNB allocations and contribute them towards our commitment to burning a total of 100 million BNB” : CryptoCurrency

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Burning isn’t compliant with utility token status.

That Binance ICO’d for $15m of working capital and paid themselves in a token they pumped by burning to $2.4bn in personally owned value should be a wake up call, not an expression of generosity.

Fine – it’s the best exchange for usability. Beyond that…

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While BNB (an apparent sure thing) climbed during parts of 2018 and 2019, the actual blockchain projects BNB is paired with suffered pretty devastating declines.

Go figure that.

Biggest exchange by volume has its own token which does something no US based project can do – token burns. Which offer ends up looking more attractive – the Blockchain project or the exchange token?

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