Coin burning happens when a cryptocurrency token is intentionally sent to an unusable wallet address to remove it from circulation . The address, which is called a burn address or eater address, can’t be accessed or assigned to anyone. Once a token is sent to a burn address, it’s gone forever.
Read moreHow many coins will Binance burn?
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 Burns will there be?
Binance has promised to burn 100,000,000 BNB – or 50% of the total supply. It now expects to take 5-8 years, rather than 27 years, according to CZ.
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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