Binance has had a rough few months, what with the $15m hack and the company’s withdrawal from Japan. But it seems to have found itself at the center of a controversy that has become all to familiar in the crypto world: the dumpster fire of another ICO scam.
Binance is excited to celebrate the 4th anniversary of its original coin offering (ICO), and one big reason is that Binance Coin (BNB) gets its own anniversary. BNB started as the Ethereum-based token for the Binance exchange, and the total supply of BNB is now 100 million. Binance is planning to burn a further 16 million BNB this year, validating the much-hyped 4th anniversary of its ICO.
Binance, the leading cryptocurrency exchange in the world today, recently reached another milestone in its history. The leading cryptocurrency exchange in the world celebrated its 4th anniversary since its ICO by burning 16,800 BNB.. Read more about what is bnb crypto and let us know what you think.
Binance, the world’s largest cryptocurrency exchange with offices across the globe, need no introduction. Binance is claimed to be used by almost every crypto enthusiast. Binance recalls its very successful BNB ICO, which took place four years ago, as it reaches such lofty heights.
4th Anniversary of BNB ICO
Binance is commemorating its most successful event to date, the BNB ICO, which took place four years ago. Binance is still thankful for the BNB’s current success. Furthermore, on July 2, Binance will celebrate the 4th anniversary of the BNB ICO (Initial Coin Offering).
Changepeng Zhao, nicknamed CZ, the CEO and founder of Binance, was overcome with nostalgia and went to Twitter to express his pleasure.
CZ describes the whole BNB ICO experience in his tweet. In addition, his tweet included a link to his first blog, which he wrote for the success of the ICO on LinkedIn.
However, that blog was written after the ICO’s $15 million fundraising goal was met. In addition, in only 16 days, this massive crowdfund ICO raised $15 million in cryptocurrency. In addition, the ICO enabled approximately 20,000 seed users to join the trading platform.
Despite this, CZ said that he first called his cryptocurrency BNC, but subsequently changed it to BNB. In reality, he said that he switched to BNB since the ticker BNC was already in use and he wanted to prevent any misunderstandings. He also mentions that he prefers BNB suns over BNC suns.
The Next Coin Burn for BNB
CZ’s tweet received a lot of retweets and comments, which all rocketed up. Furthermore, many people kept bugging CZ about when BNB’s next coin burn would happen, despite his repeated denials.
The whole crypto industry is looking forward to the BNB coin burn. In addition, the next coin burn for BNB will be its 16th. The price of BNB will almost certainly increase again as a result of the coin burn. In addition, the situation has been the same for the past 15 coin burns.
CZ did, however, make a remark in response to the inquiry. The 16th currency burn will take place between July 15th and 18th, according to CZ.
This much-anticipated coin burn will push the price of BNB even higher. Furthermore, such coin burning is very important in making cryptocurrency even more legitimate, conventional, and long-lasting. Nonetheless, BNB will not perish as such; it will rise to even greater heights and become much more robust, all due to Binance, which will, of course, support it throughout.
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