What does BNB burn mean?

Binance will continue to perform quarterly burns until it buys back and destroys 100 million Binance coins – 50% of the total supply. The practice ensures that the supply of Binance Coin remains finite , making it scarce and more valuable.

This coin runs on the Ethereum blockchain with standard ERC 20 and is limited to a maximum of 200 million BNB tokens .

Slang / Jargon (9) Acronym. Definition. BNB. Bed ‘n Breakfast .

The BNB burn is a quarterly event whereby Binance buys back BNB and then burns, or destroys, this BNB . This will continue until Binance has burned 100,000,000 BNB. Binance Coin is not the only cryptocurrency subject to coin burning.