In Saturday’s tweet, Changpeng Zhao announced his plans to add 32 mln more Binance Coins, which would be reflected on the Coinmarketcap site.
To fix $BNB circulating supply the way CMC calculates, we will move the unlocked balances out of the creator's addresses over next few days, in small txs as to avoid big fluctuations as suggested by CMC. And reach the final correct circulating supply of 144,443,301 $BNB on CMC.
— CZ Binance (@cz_binance) September 22, 2018
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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov