Token

Burn

Bitcoin

Foundation

The BNB Foundation officially announced the successful completion of the 27th quarterly BNB token burn by BNB Chain, marking another milestone in the ongoing efforts to reduce the circulating supply of the token. 
<h2 id="bnb-foundation-completes-27th-quarterly-token-burn">BNB Foundation Completes 27th Quarterly Token Burn</h2> 
Here are the important details from the final cremation: 
Automatic Burn (Total BNB burned): 1,944,452.51 BNB 
Approximate value in US dollars at the time of burning: US$1.17 billion 
Transaction ID (TXID) for BNB burning: (Link not provided for privacy and security reasons) 
BNB is the native cryptocurrency of the BNB Chain ecosystem and powers various functions on platforms such as BNB Smart Chain (BSC), opBNB L2s and the BNB Greenfield blockchain. 
Related News: <a href="https://en.bitcoinsistemi.com/analysts-of-bitcoin-exchange-bitfinex-predict-that-the-supply-in-bitcoin-will-not-be-enough-to-meet-the-demand-here-are-the-details/" target="_blank" rel="dofollow">Analysts of Bitcoin Exchange Bitfinex Predict that the Supply in Bitcoin Will Not Be Enough to Meet the Demand! Here are the Details</a> 
BNB serves as a utility token, governance asset, and transaction tool within the Ecosystem. 
Since its launch in 2017, BNB has committed to removing 100 million tokens (half of its total supply) from circulation through a systematic burning process. 
This commitment is fulfilled every quarter through an Automatic Burn mechanism, and it is anticipated that only 100 million BNB will remain in circulation over time. 
The Auto-Burn process ensures transparency and objectivity independent of the Binance central exchange. In addition, BNB Chain implements a Real-Time Burn mechanism, constantly burning a portion of BNB Chain's gas fees. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-continues-the-burning-process-of-its-native-token-here-is-the-latest-amount-of-burned-tokens/">Bitcoin Exchange Binance Continues the Burning Process of Its Native Token! Here is the Latest Amount of Burned Tokens!</a>

Bitcoin Exchange Binance Continues the Burning Process of Its Native Token! Here is the Latest Amount of Burned Tokens!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Apr 24, 2024

Ripple (XRP) CEO claims big as Toncoin (TON) and DTX Exchange (DTX) lead market bull run

Best Crypto Investment 2024: BlockDAG Beats Ethereum ETFs and Cardano Projections with 30,000x RO...

Wrapped Bitcoin Down More Than 3% Within 24 hours

Jack Dorsey Wants To Make Bitcoin Mining As Easy As Plugging In A Lamp: Here's How

Investor Frenzy: Bitgert Coin Price Could Skyrocket in Coming Weeks

Hedera (HBAR) Price Surges 100% in 24 Hours Due to BlackRock

Join our free newsletter for daily crypto updates!