Binance Burns Nearly $800 Million in BNB on Its 18th BNB Burn

Binance, the world’s largest cryptocurrency exchange, announced that it has completed its 18th quarterly BNB Burn, making it the first burn transaction using the automatic burn feature.

Binance, January 17 completed with a blog post published on 18. BNB Burnin about 800 million dollars worth 1,684,387.11 BNB He shared that he did the burning. In the post, the burned BNBs of 6296.3 pieces tracking BNBs accidentally sent to dead wallets Binance Pioneer Burn program It was reported that he was burned with

Completed 18th BNB Burn, Binance’s The first burning process with the automatic burning mechanism it happened. automatic burning mechanism, at the price of BNB and the number of blocks produced in a three-month period automatically calculates the number of BNB to be burned with a formula based on

Binance, with its quarterly burn transactions, 200 million the total supply of BNB 50%equivalent to 100 million It aims to remove BNB from circulation by burning it.

data provider Coin Tools‘according to Binance, 2017 With this program started at the end of the year 35 million units He carried out the burning of BNB.

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