Binance burns $24 million worth of BNB tokens allocated to team

Binance has conducted its eight quarterly burn of its 808,888 Binance Coin ($BNB) amounting to $23.8 million. Of the 189 million tokens remaining, 89 million are to be burnt with Binance CEO Changpeng Zhao saying the exchange is "building the Binance ecosystem without getting any BNB from the initial allocation." In an AMA hosted yesterday, Zhao spoke on a futures testnet going live by the end of the month, a Binance Visa card, and the unlikelihood of listing securities.