Binance’s CEO Changpeng Zhao has announced that the exchange team was allocated 40% of the 200 million BNB minted during the 2017 ICO.

In a Twitter post, Zhao stated that the exchange team would eventually burn all the allocated BNB tokens.

The amount is almost 80 million BNB, equivalent to almost $37 Billion, and it will be burned instead of selling at a profit.

Notably, the DeFi sector has been surging in the last few months, and the industry might boost BNB tokens further.

Author: CryptoBoss

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