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Binance to Boost BNB Supply: CEO CZ

  • Changpeng Zhao announced his plans to add 32 mln more Binance Coins, which would be reflected on the Coinmarketcap site. It plans to release coins locked in wallets

Cover image via U.Today

In Saturday’s tweet, Changpeng Zhao announced his plans to add 32 mln more Binance Coins, which would be reflected on the Coinmarketcap site.

The company’s team plans to release coins that were locked and held in a digital wallet.

According to analysts, the coin’s rate should not spike, but the market cap will, since the current supply has not been accurately reflected on Coinmarketcap. As soon as the creator coins are released, the supply on the most famous crypto website will total 144,443,301 BNB.

The Binance coin has demonstrated a high level of  stability this year, currently trading at $10.20.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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