'Future is Here' Declares CEO as Binance Transfers $1.2 Billion for Under 2 Cents

On June 26, about $1.2 billion in binance coin (BNB) has been transferred in 1.1 seconds with a $0.015 fee on the binance chain, reveals data published on WhaleAlert, a platform tracking significant transactions.

Earlier today, CEO of major cryptocurrency exchange Binance, Changpeng Zhao, warned that big transactions should be expected. He explained that the exchange intended to split its BNB cold wallet in multiple addresses. After the transaction took place, Zhao cited some data about its cost and speed:

“This transaction: cost $0.015 USD in fees, took 1.1 seconds, and $1.2 BILLION in value transferred. The future is here.”

The exact amount of binance coins moved is 32,888,888. As a Twitter user pointed out, 8 is a number like no other in Chinese numerology, to cite Wikipedia: “the number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky.” Zhao answered explaining a curious strategy internal to his company:

“It sort of signals it's not a hack, hackers will drain a wallet and not go for a lucky number.”

Binance also recently moved 9,001 bitcoin (BTC) to back its BTC-backed token on binance chain.

As Cointelegraph reported earlier this week, trading pairs for USDSB have been listed on Binance Chain-based decentralized exchange Binance DEX.