Binance has announced a major token burn event set to take place today.
Token burning plays a crucial role in crypto ecosystems.
Binance has announced a major token burn event set to take place today. This token burn will primarily target Binance-pegged USDT and USDC tokens, and it will be carried out on the BNB Chain. As a result of this burn, a equivalent amount of these tokens on their respective native networks, where they were initially used as collateral, will be released. This strategic move holds great significance for both Binance’s ecosystem and the broader crypto market.
Today #Binance will burn a significant amount of Binance-pegged USDT and USDC tokens on BNB Chain.
The equivalent amount of these tokens on their native networks, which were used as collateral, will then be released.
— Binance (@binance) May 17, 2023
Token burning plays a crucial role in crypto ecosystems. By permanently removing a specific number of tokens from circulation, token burns create scarcity
We współpracy z: https://thenewscrypto.com/binances-token-burn-and-collateral-release-a-boost-for-bnb-chain/
