$BNB Completing the 36th Quarterly Token Burn



The automatic #BNB 36th quarterly burn has been completed on BNB Smart Chain (BSC), permanently removing 1.62 million $BNB, worth around $932 million, from circulation.

Previous burn (35th):
• 1,569,307.34 $BNB burned
• Valued at around $1.02 billion at the time.

The tokens burned were sent to a blackhole (dead) address permanently, making them impossible to recover. BNB also has a real-time burn mechanism (BEP-95), where part of the gas fees from each block is continuously burned. The goal is to reduce the total BNB supply to 100 million coins over time.

--------

Follow me for more analysis and real-time insights into other crypto markets and Subscribe to Membership with only 1 GT to support me. Thank you, great investors!.

$BNB ‌

$AKE

$LAB
BNB-0.12%
AKE249.19%
LAB-18.30%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned