Binance quietly removed some Wall Street jargon from its token's white paper

Quick Take

  • Binance has edited its whitepaper’s outline of how it interacts with its token, BNB
  • The exchange says it did so to clarify it doesn’t actually repurchase BNB, but instead burns it
  • Discreet updates of this sort raise questions about other surreptitious revisions made retroactively
Unless you’ve had a very quiet week, you’re unlikely to have noticed a small yet significant change in Binance’s whitepaper. As shown in the image below, the white paper was changed so as to remove the clause about the firm using 20% of its profits to buy back BNB. The left version shows the original […]

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