The world’s largest cryptocurrency exchange Binance local token Binance Coin (BNB) made a new announcement about traditional burning.
According to the statement made by Binance, today is the 23rd burn. 2,020,132.25 BNB was burned. The approximate market value of these BNBs is $676.744,303 million Said to be around.
Binance He stated the following in his statement:
“BNB Chain has completed the burn of 223 BNB and the second quarter of 2023.
The total automatically made BNB is 2,020,132.25, while the approximate value of these BNBs in USD is around $676,744,303.
This burning is done as part of a commitment to remove 100 million BNB (half of its total supply) from circulation through the incineration when BNB was launched in 2017, and ultimately keep only 100 million BNB in circulation. This commitment is fulfilled automatically every three months.”
Binance CEO CZ He also shared the news of the BNB burning.
#Binance completes the 23rd Quarterly #BNB Burn!
🔥 2.02m #BNB has been burned 🔥 pic.twitter.com/sQVli4dR1m
— Binance (@binance) April 14, 2023
Bitcoin (BTC) And Ethereum (ETH) positively affected by the general cryptocurrency rally, especially BNB started today with a green candle and continues to trade at $334.
*Not investment advice.
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