In what is arguably one of the most bullish cases for BNB this year, CZ just announced on Twitter that Binance plans to burn a staggering $37 billion dollars of Binance Coins at current price.
As he explains, this accounts for 40% of the total supply of the token from the time of the ICO all the way back in 2017. Since the team has not sold a single BNB and does not intend to, Binance will proceed to burn the whole allocation. BNB is a deflationary asset and burns happen regularly.
The news has been met positively by most of the BSC community with both respect for the team and its integrity, and anticipation over a possible price increase of BNB from the reduced supply in the near future.
