BNB Foundation, It successfully completed its 29th quarterly token burn, removing approximately 1.77 million BNB from circulation, worth approximately $1.07 billion at the time of the burn.
BNB Foundation Completes 29th Quarterly BNB Token Burn, Removing Over $1 Billion of BNB from Circulation
This afterburn, performed by BNB Chain’s Auto-Burn mechanism, supports the network’s goal of gradually reducing the total BNB supply to 100 million.
Key Figures from the 29th BNB Token Burn
The total burn of 1,772,712.363 BNB consists of two main components:
- 1.710.142,733 BNB It is caused by Automatic Combustion.
- 62.569,63 BNB is an additional component related to the Pioneer Burn Program, which compensates users who lose their BNB-backed BTokens due to accidental transfers to inactive addresses. This previously excluded amount has now been added to this quarter’s burn.
The burn is recorded on the BNB Chain and further details can be accessed via the transaction ID.
BNB burns occur through an Auto Burn system that adjusts the burn amount quarterly based on the market price of BNB and the number of blocks produced on the BNB Smart Chain (BSC).
This approach provides a transparent and predictable reduction in supply with real-time burn mechanisms for gas fees collected from BSC transactions.
As BNB Chain moves forward with its ongoing Fusion initiative, future burns will occur directly on the BSC and burned tokens will be sent to the “blackhole” address to be permanently removed from circulation.
Currently, there is approximately 43.5 million BNB left that needs to be burned to reach the target supply limit of 100 million.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-borsasi-binancein-yerel-tokeninda-29-token-yakimi-gerceklesti-iste-yakilan-token-miktari/
