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Binance Coin Burn: From the Team BNB Allocation

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https://www.binance.com/en/blog/356254016530468864/8th-Binance-Coin-Burn-From-the-Team-BNB-Allocation

1. According to the Binance whitepaper, 40% of the total BNB supply (80,000,000 BNB, currently worth about US$2,400,000,000) was allocated to the Binance team, as a reward to the work they have put into building the Binance ecosystem. But now, we are giving that up, and we will contribute this to the BNB burn. We are doubling down on our mission to exchange the world and spread the freedom of money.

2. With this change, we'll still burn BNB based on trading volume on Binance per quarter. But this time, the Binance team has given up our token allocation. We are now committing to building the Binance ecosystem without getting any BNB from the initial allocation. The team will burn their own tokens first. All US$2,400,000,000 of it!

3. The eventual total supply of BNB will still be 100,000,000 BNB. The current total supply of BNB is 189,000,000 BNB, which means that 89,000,000 BNB still need to be burned. The team will burn off the 80,000,000 BNB team allocation first, and the remaining 9,000,000 BNB will be burned by Binance.com exchange.

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Dream team! For those who always say: "Ripple owes us nothing", "we are not investors", etc etc. I guess Binance doesn't think the same way about their token holders and are willing to give away their own tokens for the common good. Good job, Binance team! 

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