Binance, the world’s largest cryptocurrency exchange, announced that it has completed its 22nd quarterly BNB burn. In the statement, it was stated that a total of 2,064,494 BNB was burned.
Binance January 17 In the blog post he shared on his official website on 22. automatic the burning process has been completed announced. As a result of burning within the scope of BNB automatic burning procedure 623.2 million worth a dollar 2,064,494 BNB has been removed from circulation.
The completed transaction was carried out with Binance’s automatic burn mechanism. fourth There was a burning process. automatic burning mechanism, at BNB price and the number of blocks produced in a three-month period It automatically calculates the number of BNB to be burned with a formula based on
Binance, with its quarterly burn transactions, 200 million the supply of BNB to 50% equivalent 100 million It aims to remove BNB from circulation with periodic burns.
According to Coinecko data, in the last seven days 10.4% value winning BNB during the day 0.1% value by losing at the time of writing 301.04 traded in dollars.