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 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
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
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