African crypto exchange Quidax, which reportedly burned $16 million worth of tokens to cover salaries and bonuses for its employees. This move is aimed at ensuring the company's sustainability amid financial pressures. Such actions are not uncommon in the crypto industry, where startups may use token reserves for operational expenses. It reflects strategic decisions to manage cash flow and retain talent during challenging times.
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USDC
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XRP
$1.04
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SOL
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XMR
$369.20
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WBT
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LINK
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XLM
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BCH
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USD1
$0.999657
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USDE
$0.999534
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GRAM
$1.36
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Mkt Cap $2.28T
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BNB
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USDC
$0.999598
▲ +0.00%
XRP
$1.04
▼ -2.30%
SOL
$72.83
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TRX
$0.327197
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FIGR_HELOC
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HYPE
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USDS
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LEO
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