“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. A project burns its tokens to reduce the overall supply.
Read moreWhat is the next BNB coin?
The NEXT to BNB conversion rate today is 0.0001992 BNB and has decreased by 2.02% in the last 24 hours. Our converter updates in real time giving you accurate data every time you use it to make a conversion. The current price direction of NEXT is decreasing because NEXT is down 21.39% in the last 30 days.
Read moreWhat happen when BNB burn?
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 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.
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