CZ, CEO of Binance, the world's largest cryptocurrency exchange, shared a new BNB from his X account.
CZ denied the allegations in Forbes' news about the BNB ICO held in 2017 and said that no free BNB tokens were distributed to anyone during this ICO.
CZ also said that there will be a BNB burn in the near future.
“BNB is a fair launch token. This means no one received free BNB tokens from the initial supply. The “team tokens” were never moved or used, only burned.
Speaking of which, another BNB burn is coming in a few days!”
#BNB is a fair launch token. Ie, no one got free BNB tokens from the initial supply. The "team tokens" was never moved or used, it was only burnt.
Speaking of which, another burn coming up in a few days! 🔥 https://t.co/6YM7O7dPMr
— CZ 🔶 Binance (@cz_binance) October 10, 2023
Forbes recently wrote in a news article that Binance did not distribute as announced and only 10.78 million BNB was distributed to ICO investors instead of the 100 million BNB planned to be distributed.
Forbes also claimed that only $5 million was collected in the BNB ICO, not $15 million as CZ announced.
BNB continues to trade at $209 at the time of writing.
*This is not investment advice.
