@BOMBERuss 18 October 2021 more from that month

BINANCE BURNS ALMOST $640 MILLION WORTH OF BNB TOKENS Binance recently completed the burning of the 17th token. More than 1 million BNB was withdrawn from circulation, which is comparable to previous burns. However, due to the increase in the value of the token, this is the highest cost of BNB to date. -Earlier today, Binance announced a recent fire on its website – the 17th burning since the first one in October 2017. -According to the exchange, 1,335,888 BNB were deleted. In dollar terms, this amounts to $639,462,868 at the time of burning. -In particular, 1,318,049 BNB were actually burned, and 17,839 BNB were "effectively burned" as part of the Binance Pioneer Burn Program. The program counts BNBs that were practically lost after sending BNB to dead addresses. -This is more than 1,296,728 BNB tokens destroyed during the previous burning, as well as 1,088,888 tokens cleared during the 15th burning. -The 14th incineration still significantly exceeds this amount, as a result of which more than 3 million tokens were immediately removed from circulation. However, in fiat terms, the last burning is the only thing that led to the removal of more than 600 million US dollars. -BNB's market capitalization has grown significantly since the last burn. On July 18, it was no more than $ 50 billion, and today the total capitalization exceeds $ 80 billion. This helps explain the record dollar value of the destroyed tokens. -Binance quarterly losses are the procedures specified in the official document of the network. He promised to constantly buy and burn BNB until the network supply is reduced to 100 million BNB from the original 200 million. -The current amount of BNB in circulation is 168,137,035, according to CoinGecko. #CryptoTrading