What happens after coin burn?

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.

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

“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.