BNB Chain Completes 37th BNB Burn, Removing 1.65M BNB From Supply
7 Articles
7 Articles
🚨 BNB Chain removed 1,646,196 BNB from circulation in Q37, reducing the supply of $BNB. 📌 The market value of the burn was approximately $1.197 billion, while the remaining supply decreased to 131,512,500 BNB. 📊 The quarterly burn amount is calculated based on the BNB price and the number of blocks produced on BNB Chain. Read More: BNB Chain Removes 1.64 Million BNB from Circulation in Q37 Burn The article "BNB Chain Removes 1.64 Million BNB …
Blockonomi
BITRSSBNB Chain Completes 37th BNB Burn, Removing 1.65M BNB From Supply
TLDR: BNB Chain completed its 37th quarterly Auto-Burn, removing 1,646,196.44 BNB from circulation. The burned BNB was worth about $1.197 billion and moved to the 0x…dEaD blackhole address. The Auto-Burn formula uses BNB’s price and BSC block production, and it is independently auditable. Lorentz and Maxwell Upgrades speed up BSC blocks, so the burn formula [...]
BNB Chain has completed the 37th quarterly burning of BNB tokens, eliminating about 1,646 million BNB, equal to about 1 billion dollars at the reference price. The transaction is part of the Auto-Burn process, the quarterly network program. Its long-term goal is to bring the total BNB offer to 100 million [...]
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