Binance, the world’s largest cryptocurrency exchange, announced that it has completed its 21st quarterly BNB burn. In the statement, it was stated that a total of 2,065,152 BNB was burned.
According to a blog post shared by Binance, the 21st burn transaction of the exchange’s native token, BNB, has been completed. As a result of the transaction realized within the scope of the BNB automatic burning procedure, approximately $547 million worth 2,065,152 BNB removed from circulation.
Completed transaction, Binance’s with automatic ignition mechanism. It was the third burning operation. 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 50%equivalent to 100 million It aims to remove BNB from circulation by burning it.