The 23rd quarterly $BNB token burn has been completed through BNB Auto-Burn. Here’s everything you need to know about the second quarterly burn of 2023 as well as some insight into what lies ahead for the BNB ecosystem ⬇️
Approximate value in USD: ~$676,744,304Real Burn : 2,019,476.2269877 BNBBNB is the cryptocurrency that fuels the BNB Chain ecosystem and is the native coin of the BNB Beacon Chain, the BNB Smart Chain, and the newly announcedblockchain. It also serves as a governance token and allows holders to transact with projects built on those chains.
When BNB was launched in 2017, a commitment was made to remove 100 million BNB from circulation through a burning process and to keep only 100 million BNB in circulation. This commitment is automatically honored each quarter and calculated according to the Auto-Burn formula. The BNB Auto-Burn provides an independently auditable, objective process. We report the figures quarterly, and the mechanism is independent of the Binance centralized exchange. On top of that, BNB Chain continues to
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