WebJan 19, 2024 · Cryptocurrency exchange Binance has finished its quarterly token burn, destroying a total of 3,691,888 Binance Coin (BNB), worth roughly $165.8 million, … WebApr 14, 2024 · The latest burn includes about 656 BNB ($218,000) as part of the exchange’s Pioneer Burn Program, which was introduced in 2024 to help users who lose assets by sending them to the wrong address. Binance’s auto-burn system adjusts the amount of BNB according to the coin’s price and the number of blocks generated on the …
BNB Burn Schedule: When Is The 23rd Binance Coin Burn?
WebDec 6, 2024 · BNB Burning As mentioned in the Binance whitepaper, every quarter, Binance uses 20% of its profits to buy back and burn Binance Coins, destroying them completely. Binance has consistently performed quarterly burns, the latest being the 13 th quarterly burn on October 17, 2024. WebApr 14, 2024 · BNB Token Burn. The Binance Coin (BNB) is a cryptocurrency that is used to pay for fees on the Binance exchange, one of the world’s largest cryptocurrency exchanges. The quarterly BNB token burn is an important event for Binance, as it helps to increase the value of the BNB token by reducing the overall supply. The Pioneer Burn … finchingfield morris dancers
Binance Burns 2.02 Million BNB: Completes 23rd Quarterly Burn
WebMar 8, 2024 · In the auto-burn process, the amount of BNB to burn is based on the coin’s price and supply and demand. Previously, Binance calculated the amount of BNB to … WebBNB was initially issued as an ERC-20 token (on the Ethereum platform), but it has since been transferred to the main BNB Chain. The initial total supply of BNB was defined as 200,000,000 coins, but due to the regular coin burn events, the supply is gradually decreasing. To learn more about BNB coin burns, please refer to this video at Binance ... Web4 hours ago · The latest BNB quarterly burn also includes 656.0230123 BNB burned through the Pioneer Burn Program. advertisement. The transaction data revealed that Binance burned nearly over 2 million BNB tokens worth around $676 million at around 08:00 AM UTC. Thus, Binance has removed over 2 million BNB from the circulating supply. gta activating night vision