BNB chain completes three-month auto-burning process 1991854 BNBannounced that it was withdrawn from circulation.
BNB Chain’s core team has completed the last three months of auto-burn activity, amounting to $1,991,854, which equates to $480 million. BNB Express that you have successfully removed it from circulation. A total of 24 BNB burns took place in the system, which started in late 2017. The last automatic burn represents approximately 1.2 percent of the current circulating supply of 153.8 million BNB.
A total of 48.14 million BNB was burned
Every quarter, it will be burned BNB The amount is determined by an algorithm, taking into account variables such as the token’s current price and network activity. The BNB chain also has a share of real-time gas fees. to Ethereumburns in a similar fashion, but this is different from quarterly auto burn events.
The BNB burning system, which started towards 2018, automatically took place a total of 24 times. With the last burning, $48.14 million worth of BNB was burned, and the burning system automatically took place 24 times in total. With the last burn, $48.14 million BNB was burned.
The burning of BNB, which was close to 500 million dollars, has not yet been reflected in the token price. What kind of price structures will be in BNB, which has gained momentum from time to time with the news on the Binance side, is followed with interest.
