Binance's largest crypto exchange successfully implemented another planned coinburn cryptocurrency Binance Coin (BNB).

For the burning (destruction) of Binance Coin (BNB), Binance has committed itself in its whitepaperi. It is one of the incentives for the rise in the price of this token, as its decreasing amount in circulation should contribute to its rarity.

Coinburn token BNB runs every quarter. The value that passes through coinburn represents 20% of Binace's earnings in the previous period. This will be the time until the total amount of BNB tokens will be half that of the start (almost 200,000,000).

Today it was the seventh "burning" of the BNB since its inception. Binance reported on her site that she had burned 829,800 BNBs, equivalent to $ 15.6 million at the time of the process. To compare this, 3 months ago, Changpeng Zhao, the chief of the stock exchange, burned 1 623 818 BNBs, but at that time only $ 9.4 million.

Thus, the latest coinburn involved higher value in dollars, which means that the exchange has a more profitable quarter. This was due to the rise in the price of the BNB token and, undoubtedly, to some interesting news of this exchange. It will soon officially launch its decentralized Binance DEX. In addition, it is likely to allow leverage this year. At the same time, a new type of ICO, in the form of pre-sale of new cryptoprojects directly on the stock exchange, also contributed to the growth of the BNB. With this model, Binance was the first to come.

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