BinanceannounceIt has completed the 19th quarterly BNB token burning. Total 1,839,786.26 BNB or equivalent to $741,840,738.874 USD or approximately 25 billion baht.
#Binance Completes 19th Quarterly #BNB Burn!
1.8m #BNB has been burned
https://t.co/BX51dEh8We
— Binance (@binance) April 19, 2022
Transaction information (TXID) for burning BNB can be found at No.this transaction
Since the launch of BNB and Binance in 2017, Binance intends to burn a total of 100 million BNB, or half of the total supply. Through a process known as “burning”, the number of removed tokens is automatically calculated based onformula Auto-Burn This will burn tokens daily based on the price of the BNB and the number of blocks produced during the quarter.
To date, Binance has burned approximately 35 million BNB tokens.
refer : LINK
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