BNB Burning $484 Million from Binance

Binance, the world’s largest cryptocurrency exchange, announced that it has completed its 24th quarterly BNB burn with 1.99 million BNB (BNB).

Binance 19 July In a blog post published on its official website on 24. Automatic He said he had completed the burning process. Within the scope of the combustion process 484 million worth a dollar 1,991,854 BNB removed from circulation.

With this transaction, Binance’s automatic burn mechanism, sixth completed the burn. Exchange, 2017 With the launch of BNB in 200 million the total supply in units 100 million customary to be dropped to BNB investors had promised. The data shows the circulating supply of BNB with the last burn. 153.8 million showed that it was commonplace.

Binance’s previous burn April of the bear in the middle made and in total 2 million BNB from circulation had been removed. Total 1 in circulation53 million BNB while I’ve been close so far 48 million BNB deleted from the market.

Coinecko according to data 30 days in 0.2% depreciating BNB, end 24 hours in 0.4% by gaining value as of writing $242 traded at the level.

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