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TheBlock 2020-01-21 13:40:05

Questions arise around the mechanism of BNB burns

Quick TakeIn the original whitepaper, which has since been quietly modified, Binance claimed to buy back 20% of net profits in BNB and burn itBinance has so far burned 16.74 million BNB (an equivalent of $245.57M) in 10 burn events, which represents about 8.37% of the total supplyIn Q4, Binance’s volume decreased by 47% while the burn increased by more than 60%

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