$BNB Burns 1.6M Tokens Worth Over $1 Billion in Latest Quarterly Event
The BNB Foundation has completed its 32nd quarterly token burn, destroying 1,595,599.78
$BNB tokens.
The burned tokens were valued at approximately $1.024 billion at the time of execution.
This burn reduces the remaining total supply to 139,289,513.94
$BNB tokens.
$BNB employs an Auto-Burn system designed to reduce the total supply gradually to 100 million tokens.
The burn amount adjusts based on
$BNB price and the number of blocks generated on BSC during each quarter.
BSC validators also implement real-time burning based on gas fees collected in each block.
Since the BEP95 introduction, roughly 265,000
$BNB has been burned through this real-time mechanism.
The Pioneer Burn Program helps users recover lost
$BNB through quarterly #tokenburn events.