Binance founder Changpeng Zhao (CZ) permanently lifted the Broccoli, Tut, Cz’s Dog and Mubarakah tokens, which are more than $ 3.9 million. Here are the details…
Binance Founder: Do not send me a token!
Changpeng Zhao (CZ), the founder of Binance, one of the leading names in the crypto currency world, permanently lifted the millions of dollars from the circulation with a remarkable move. The CZ manually burned the tokens sent by different developers to their wallet and warned that in the future avoiding similar tokens transfers. This large -scale token burning process has already aroused a wide repercussion in the crypto community.
According to the explanations, the burned tokens include 798,065 Broccoli ($ 1,09 million), 45,588.173, CZ’s Dog ($ 546,000) and Mubarakah ($ 358,000). This large -scale burning came to the agenda with the fact that the CZ would continue to burn the tokens manually sent to him. The CZ had previously asked for the easiest way to burn various subcoins in his wallet through X (Old Twitter). The wallet is reported to have more than 109 different tokens and that they were sent by developers to draw attention.
After the token burning process, CZ warned that they do not send more token to developers and users. CZ stressed that new systems of artificial intelligence -supported systems can automate such token burning operations, but these vehicles have not yet passed enough security tests. For this reason, he said he would continue to manually burn unwanted tokens.
Reactions from developers
CZ’s large -scale token burning, especially the developers of the burned token has created controversy. Blockchain Engineer Yersayl Amanbek announced the reasons behind the CZ’s wallet sending $ 90,000 to the token. Amanbek said that the decentralized token distribution followed such a strategy to ensure that Bitcoin is like in the early stages.
Similarly, a member of the Broccoli community, a member of the crypto Hayel, said that the token sending to CZ is not an advertising strategy, but on the contrary, it is an indicator of loyalty. The Broccoli project has made a great contribution to the BNB ecosystem and has received high transactions, said that they aim to list Binance.
CZ’s token burning process increased volatility in the markets. The price of Broccoli fell by 7.9 %after the incident to 0.0001515. Tut Token also fell to 0.03906 with a loss of 5.4 %. In addition, the token burning event affected the price movements of other assets in the BNB Chain ecosystem. Immediately after the incident, the price of BNB increased by 2 %to 600 dollars, while the transaction volume of BNB increased by 13.5 %to $ 1.46 billion. This increase shows the intense interest of the market in these burning transactions.
