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Binance to Boost BNB Supply: CEO CZ

Sun, 09/23/2018 - 09:24
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Yuri Molchan
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
Binance to Boost BNB Supply: CEO CZ
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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.

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About the author

Yuri is a crypto 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 in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.