The Binance cryptocurrency exchange leading in trading volumes burned 808,888 Binance Coin tokens (BNB) for a total of $ 23.838 million.

8th #Binance Coin Burn: From the Team $ BNB Allocation https://t.co/gJrEj4axyc pic.twitter.com/9YfsF5HQP2

– Binance (@binance) July 12, 2019

CEO Changpeng Zhao stressed that his team as a whole does not use those coins that were originally distributed to its needs (40% of total emissions) for the development of the Binance ecosystem.

$ 23M USD equivalent of $ BNB , burned from the Binance Team allocations. We spent the BNB allocation. I will talk a bit more about that in my live AMA, in about 10 min or so. https://t.co/KQhqf3FJmN

– CZ Binance (@cz_binance) July 12, 2019

Note that at the moment there are 189 million BNBs. The company will continue to burn coins until the issue reaches 100 million BNB.

Human communication is error-prone.

Team allocation (already allocated) will be billed at the same schedule as before. There is no possibility of a team of money being sold / dumped on the market.

ie, the team took 0 BNB from ICO allocations, 0 "pre-mine". https://t.co/tKEu0DWNms

– CZ Binance (@cz_binance) July 12, 2019

Responding to community questions as part of the Periscope broadcast, Zhao announced the launch of a testnet for futures markets before the end of the month, and also said that the company is considering launching a Binance Visa card.

The price of BNB reacted positively to these events, demonstrating moderate growth.

BNB / USD , TradingView data

Recall that on July 11, Binance launched a platform for margin trading for all users, which marked the full launch of Binance 2.0.

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