Binance has burned 808,888 Binance Coins (BNB) that worth $24 million. Binance has committed to burning 100 million BNB tokens and this was an eighth quarterly burn of the native tokens of the crypto exchange. In BNB whitepaper it was mentioned that the exchange team has allocated 80 million BNB all of which will eventually be burned. Binance CEO stated that “With this change, we’ll still burn BNB based on trading volume on Binance per quarter. But this time, the Binance team has given up our token allocation.”