Decentralized blockchain ecosystem Binance Smart Chain (BSC) announced on Tuesday that the Binance Chain and Binance Smart Chain are uniting under a new name, BNB Chain , in a bid to reflect their connection with the native token of the ecosystem Binance Coin (BNB).
Read moreIs BNB Binance smart chain?
The number one crypto exchange by trading volume, Binance, has renamed its blockchain network. The Binance smart chain will now be known as the BNB Chain . In addition, Binance also changed its native token name, BNB, formerly the Binance coin, to Build and Build.
Read moreHow many BNB coins will be burned?
Binance is committed to destroying 100 million BNB tokens, amounting to 50% of the circulating supply, through quarterly burns.18 Oca 2022
Read moreHow many BNB are in circulation?
BNB currently has a 168 million circulating supply.
Read moreWhat happens when BNB Burns?
In the past, BNB burns reflected the tokens’ usage and revenue generated in the Binance centralized exchange . As a result of the community’s feedback, the BNB Auto-Burn effectively replaces the previous burn mechanism in favor of a more objective process independent of the Binance centralized ecosystem.24 Oca 2022
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