Binance Announces Burn of Inactive Binance-Peg Tokens, Releases Equivalent Amount on Its Network

Binance, the world’s largest cryptocurrency exchange in terms of trading volume, recently announced that it would burn a series of inactive Binance-peg tokens. The announcement did not specify the amount of tokens to be burned. Equivalent Amount of Tokens to be Released Following the Burn The giant cryptocurrency exchange Binance announced today that it will burn a series of inactive Binance-peg tokens. The announcement noted that after these tokens are burned, an equivalent amount of tokens that are used as collateral on their native networks will be released in the coming days. The Binance-peg tokens that the cryptocurrency exchange plans to burn are TRXOLD (BSC), PAX (BSC), DAI (BSC), USDP (BSC), PAXG (BSC), PAXG (BNB), BUSD (BSC), and USDC (BSC). The exact amount of these tokens to be burned was not specified. What is a Binance-peg? Binance-peg is a highly adaptive method that allows coins or tokens issued on one […] The post Binance Announces Burn of Inactive Binance-Peg Tokens, Releases Equivalent Amount on Its Network appeared first on COINTURK NEWS.