Binance Completes 19th Quarterly BNB Burn! 🔥 1.8m BNB has been burned 🔥
Since the launch of BNB and Binance in 2017, Binance has committed to removing 100 million BNB, or half of the total supply from circulation, through a process called burning.This burn mechanism was introduced in the last quarter of 2021.
Previously, 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 has replaced the previous burn mechanism in favor of a more objective process independent of the Binance centralized ecosystem. That being said, BNB will still continue to burn a portion of BNB Chain’s gas fees in real-time.
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