-
ARS 1,093.70 (-0.20%) -
BTC 64,901.67 (+1.89%) -
ETH 3,189.34 (+1.57%) -
SOL 155.38 (+6.78%) -
PEPE <0.01 (+5.63%) -
DOGE 0.17 (+2.81%) -
WIF 3.60 (+8.54%) -
WLD 6.40 (+20.02%) -
ENA 0.92 (+14.29%) -
BOME 0.01 (+12.59%) -
NEAR 7.49 (+7.70%) -
RNDR 10.01 (+8.48%) -
XRP 0.54 (+2.38%) -
ARKM 2.62 (+11.09%) -
ETHFI 4.26 (+3.45%) -
BONK <0.01 (+2.43%) -
AR 38.80 (+4.75%) -
AVAX 39.39 (+6.32%) -
SUI 1.14 (+5.67%) -
FLOKI <0.01 (+2.28%) -
RUNE 5.56 (+5.60%) -
HBAR 0.12 (+8.62%) -
ORDI 41.62 (+4.36%) -
USTC 0.02 (+19.98%) -
FIL 6.35 (+5.68%) -
FTM 0.74 (+7.28%) -
OP 2.95 (+1.83%)
Binance conducts 11th LUNC burn 265 billion tokens destroyed
Published: 2023-07-02
1. Binance's 11th Token Burn: Binance,one of the world's largest cryptocurrency exchanges,has conducted its 11th token burn. In this process,a total of one billion Binance Coin (BNB) tokens were destroyed. Token burns are a common practice in the crypto industry where a certain number of tokens are removed from circulation,which can help increase the value and scarcity of the remaining tokens. - The 11th token burn conducted by Binance involved the destruction of one billion Binance Coin (BNB) tokens. - Token burns are a common practice in the cryptocurrency industry to increase the value and scarcity of the remaining tokens. - Binance regularly conducts token burns as a way to distribute profits back to its token holders and maintain the BNB ecosystem.
2. Impact on BNB Value: The token burn by Binance is expected to have a positive impact on the value of Binance Coin (BNB). By reducing the supply of tokens in circulation,the burn can potentially increase demand and create a more favorable market environment for BNB holders. - The token burn is expected to create a more favorable market environment for Binance Coin (BNB) holders. - By reducing the supply of tokens in circulation,the burn can potentially increase demand and drive up the value of BNB. - Binance Coin (BNB) has been performing well in the market,and this token burn could further strengthen its position.
3. Binance's Ongoing Commitment: Binance's token burn highlights the exchange's commitment to its token holders and the sustainability of its ecosystem. The regular token burns provide Binance Coin (BNB) holders with an additional incentive to hold the tokens,as they contribute to the long-term value and growth of the BNB ecosystem. - The token burn by Binance demonstrates the exchange's commitment to its token holders and the sustainability of its ecosystem. - Binance's regular token burns provide an additional incentive for Binance Coin (BNB) holders to hold onto their tokens. - The ongoing token burns help to ensure the long-term value and growth of the BNB ecosystem,creating a stronger and more attractive platform for users. Overall,Binance's 11th token burn has had a significant impact on the value of Binance Coin (BNB) and demonstrates the exchange's commitment to its token holders. The regular token burns contribute to the long-term sustainability and growth of the BNB ecosystem,creating a more favorable market environment for BNB holders.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,093.70 | 1,575,504,638.30 |
| 2 | BTC |
64,901.67 | 1,512,878,722.57 |
| 3 | ETH |
3,189.34 | 653,081,148.65 |
| 4 | SOL |
155.38 | 395,845,732.33 |
| 5 | PEPE |
<0.01 | 347,802,623.69 |
| 6 | DOGE |
0.17 | 270,719,555.71 |
| 7 | WIF |
3.60 | 195,368,251.83 |
| 8 | WLD |
6.40 | 189,614,348.63 |
| 9 | ENA |
0.92 | 142,356,713.32 |
| 10 | BOME |
0.01 | 137,514,369.30 |
| 11 | NEAR |
7.49 | 128,966,935.89 |
| 12 | RNDR |
10.01 | 124,646,649.06 |
| 13 | XRP |
0.54 | 112,720,376.35 |
| 14 | ARKM |
2.62 | 90,270,392.23 |
| 15 | ETHFI |
4.26 | 81,502,311.04 |
| 16 | BONK |
<0.01 | 81,298,454.92 |
| 17 | AR |
38.80 | 77,812,441.11 |
| 18 | AVAX |
39.39 | 77,564,239.62 |
| 19 | SUI |
1.14 | 73,157,616.55 |
| 20 | FLOKI |
<0.01 | 68,283,115.37 |
| 21 | RUNE |
5.56 | 60,739,036.81 |
| 22 | HBAR |
0.12 | 50,733,599.27 |
| 23 | ORDI |
41.62 | 49,876,765.58 |
| 24 | USTC |
0.02 | 48,465,641.17 |
| 25 | FIL |
6.35 | 47,141,576.87 |
| 26 | FTM |
0.74 | 40,206,180.36 |
| 27 | OP |
2.95 | 38,814,526.22 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | WLD |
6.40 | +20.02 |
| 2 | USTC |
0.02 | +19.98 |
| 3 |  RLC |
3.14 | +17.09 |
| 4 | ENA |
0.92 | +14.29 |
| 5 |  NMR |
29.17 | +13.55 |
| 6 | BOME |
0.01 | +12.59 |
| 7 |  AI |
1.21 | +12.48 |
| 8 |  ERN |
4.59 | +12.26 |
| 9 |  RSR |
<0.01 | +12.23 |
| 10 |  YGG |
0.91 | +11.30 |
| 11 | ARKM |
2.62 | +11.09 |
| 12 |  IDEX |
0.07 | +10.99 |
| 13 |  AGIX |
1.02 | +10.33 |
| 14 |  KEY |
<0.01 | +10.03 |
| 15 |  PYTH |
0.57 | +9.71 |
| 16 |  OCEAN |
1.02 | +9.49 |
| 17 |  GALA |
0.05 | +9.30 |
| 18 |  PHA |
0.20 | +9.23 |
| 19 |  TRU |
0.12 | +9.21 |
| 20 |  POND |
0.02 | +9.01 |
| 21 | HBAR |
0.12 | +8.62 |
| 22 |  NFP |
0.51 | +8.61 |
| 23 | WIF |
3.60 | +8.54 |
| 24 | RNDR |
10.01 | +8.48 |
| 25 |  IQ |
0.01 | +8.44 |
| 26 |  RAY |
1.78 | +8.37 |
| 27 |  THETA |
2.34 | +8.08 |
| 28 |  TAO |
475.90 | +7.89 |
| 29 |  LUNC |
<0.01 | +7.82 |
| 30 | NEAR |
7.49 | +7.70 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  LEVER |
<0.01 | -5.35 |
| 2 | REZ | 0.17 | -4.51 |
| 3 |  GLM |
0.63 | -4.13 |
| 4 |  KMD |
0.41 | -3.95 |
| 5 |  HIGH |
4.07 | -2.33 |
| 6 |  ONG |
0.60 | -1.35 |
| 7 |  VITE |
0.02 | -1.32 |
| 8 |  DATA |
0.06 | -1.31 |
| 9 |  CVX |
2.59 | -1.07 |
| 10 |  MBL |
<0.01 | -0.86 |
| 11 |  ASR |
3.62 | -0.74 |
| 12 |  SFP |
0.80 | -0.66 |
| 13 |  LSK |
1.92 | -0.62 |
| 14 |  NULS |
0.66 | -0.60 |
| 15 |  QKC |
0.01 | -0.34 |
| 16 | ![BinaryX [OLD] title=](https://titdoi.com/coins-images-mini/BNX-binaryx.webp){kind=small} BNX |
0.97 | -0.22 |
| 17 |  FARM |
75.47 | -0.19 |
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