BNB Foundation Announces Successful Completion of 30th Quarterly BNB Token Burn! Here is the Amount of BNB Burned!
The BNB Foundation announced to its users that it has completed its 30th quarterly token burn, reducing the supply by over $1.16 billion.
The BNB Foundation has announced the successful completion of its 30th quarterly BNB token burn, marking a significant milestone in the ongoing efforts to reduce the total BNB supply and increase ecosystem value.
BNB Foundation Completes 30th Quarterly Token Burn, Reducing Supply by Over $1.16 Billion
Burn Details
- Total BNB Burned: 1,634,200.95 BNB
- Dağılım:
- Real Burn (Auto Burn + Pioneer Burn): 1,524,200.95 BNB
- Pioneer Burn: 110,000 BNB (tied to non-redeemable staked BNB)
- USD Value When Burned: Approximately $1.16 billion
- Remaining Total Supply: 142,465,780.15 BNB
- Remaining to be burned: 42,465,780.15 BNB
Important Points of Burn Mechanism
The Auto-Burn system provides transparency and predictability by calculating the amount of BNB to be burned based on the price of BNB and the number of blocks produced on the BNB Smart Chain (BSC) during the quarter.
This independently auditable mechanism operates separately from Binance’s centralized exchange, maintaining trust and accountability within the ecosystem.
With the recent BNB Chain Fusion, all burns, including this quarter, are performed directly on BSC. Tokens are permanently sent to a “black hole” address, removing them from circulation.
Pioneer Burn Program
Pioneer Burn Program, dürüst hatalar nedeniyle BNB veya sabitlenmiş token kaybeden kullanıcıları destekler.
It offsets these losses by including them in quarterly token burns. This quarter, 110,000 BNB were burned under this program, originating from staked tokens left by validators during the BNB Fusion that could not be retrieved.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why TradFi firms could turn to bitcoin margin loans: Maple CEO
Maple’s Sid Powell said that TradFi firms have been in contact with the firm about lending and borrowing in crypto
The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more
European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.
'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT
The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”
Kiyosaki Dumps Gold and Silver, Projects Bitcoin at $250K by 2025