SBF considered Binance's quarterly BNB burn as an effective mechanism that adjusts its burn rate according to the asset's price.
Author:SBF considered Binance’s quarterly BNB burn as an effective mechanism that adjusts its burn rate according to the asset’s price.
earlier this week the latest burning of BNB, in which more than $740 worth of the asset was destroyed. Commenting on the event, company CEO CZ said this process makes BNB deflationary.that determines the burning and issuance rates of BNB tokens, noting that the yearly issuance of new coins is contingent on the asset’s price. The number of annually burnt tokens will come to approximately 7.142M.
SBF saw BNB’s burn rate as constantly adjusted along with its price. If its price goes up beyond $1,000 per coin, 10M tokens will be burnt each year, equivalent to $10B being wiped out of the market.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance Burns Another $740M Worth of BNB, CZ Says It Proves Deflationary MechanismBinance's 19th quarterly burn saw 1,830,382 BNB tokens worth more than $740 million removed from circulation.
Leer más »
What Is BNB Auto-Burn? | Binance AcademyBinance completed the 19th quarterly BNB token burn of 1,839,786.26 BNB yesterday via BNB Auto-Burn. If you're wondering what BNB Auto-Burn is, read this 👇
Leer más »
19th BNB Burn | Binance BlogBinance Completes 19th Quarterly BNB Burn! 🔥 1.8m BNB has been burned 🔥
Leer más »
BNB Chain to Burn Over $740M Worth of BNB TokensBNB Chain will burn over 1.8 million binance coins (BNB), worth over $740 million, in its first burn this quarter. By shauryamalwa
Leer más »