Token

Burn

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-completes-massive-27th-bnb-token-burn/" data-wpel-link="internal">Binance Completes Massive 27th BNB Token Burn</a> 
<a href="https://en.coin-turk.com/us-regulatory-shake-up-in-crypto-sector-impact-and-response-from-binance-and-coinbase/" data-wpel-link="internal">Binance</a>, supported by the <a href="https://en.coin-turk.com/kripto-para-bnb-challenges-and-uncertainties-ahead/" data-wpel-link="internal">BNB</a> Chain, announced the successful completion of the 27th quarterly BNB token burn. According to the announcement, BNB tokens worth $1.17 billion have been removed from the market. The burn of 1,944,452.51 BNB tokens has drawn significant attention in the cryptocurrency world. 
<h2 style="text-align: justify" id="binance-conducts-massive-token-burn-in-its-27th-round">Binance Conducts Massive Token Burn in its 27th Round</h2> 
In its 27th token burn, Binance continued to support the cryptocurrency BNB by burning a massive amount of tokens. BNB burns occur in quarterly periods. 
BNB is the cryptocurrency that fuels the BNB Chain ecosystem. BNB Smart Chain (BSC), opBNB L2s, and BNB Greenfield <a href="https://coin-turk.com/cinde-1-ayda-kurulan-blockchain-firmalarinin-sayisi-dudak-ucuklatiyor" data-wpel-link="internal">Blockchain</a> function as its native tokens. It also serves as a governance token, allowing its holders to transact with projects built on these chains. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-332879 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Binance-coin-turk-com-1-1.jpg" alt="" width="1024" height="576"> 
When BNB was launched in 2017, it was pledged that 100 million BNB (half of the total supply) would be removed from circulation through a burning process. This process will leave only 100 million BNB in circulation. This pledge is automatically fulfilled every quarter and calculated according to the Auto-Burn formula. 
Currently, there are 149,532,855 BNB in circulation. Following this development, the price of BNB is now trading at $606. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-completes-massive-27th-bnb-token-burn/" data-wpel-link="internal">Binance Completes Massive 27th BNB Token Burn</a></h5>

Binance Completes Massive 27th BNB Token Burn

Table of Contents

COINTURK NEWS

Other articles published on Apr 24, 2024

Charity Gets A Digital Boost: $2 Billion In Crypto Donations Empower US Causes

Hong Kong Set to Launch First Bitcoin, Ether ETFs on April 30

Pushd draws interest from Ripple and Monero holders

Crypto Trader Who Made $3M From $8,000 Reveals How to Profit in Bitcoin (BTC) and Altcoin Markets

Top Altcoins to Hold Next Weeks for Minimum 5-10X Profits

Bitcoin's Issuance Rate Drops Below Gold's After Recent Halving: Glassnode

Join our free newsletter for daily crypto updates!