Does BNB burn coins?

The BNB Auto-Burn mechanism automatically adjusts the amount of BNB to be burned based on the BNB price and the number of blocks generated on BSC during each quarter . This offers greater transparency and predictability to the BNB community.

Coin burning is a common mechanism through which altcoin creators control the supply of tokens in circulation. In most cases, including Binance, the process removes from circulation BNB tokens by sending them into an inaccessible wallet .24 Ara 2021

“Burning” crypto means permanently removing a number of tokens from circulation . This is typically done by transferring the tokens in question to a burn address, i.e. a wallet from which they cannot ever be retrieved. This is often described as destroying tokens.

Binance is committed to destroying 100 million BNB tokens, amounting to 50% of the circulating supply, through quarterly burns . According to data source Coin Tools, the exchange has destroyed nearly 35 million tokens via quarterly burns to date, having begun the program in late 2017.18 Oca 2022