Since the launch of BEP95, more than 145,000 BNB have been burned under this mechanism.information show
Token burning refers to the process of permanently removing coins from the system, with over 100 million BNB or half of that total supply. are removed through the incineration process. And finally, there will be only 100 million BNB left in circulation. This is done automatically each quarter and is calculated based on Auto-Burn as previously reported.
BNB Auto-Burn can be verified independently. The figure will be reported quarterly. And this mechanism is independent of the Binance exchange.
The BNB Chain also burns a portion of the BNB Chain’s gas fees in real time using a custom mechanism, with the auto-burn mechanism adjusting the amount of BNB to be burned based on the price of BNB and the number of blocks generated on the BNB Smart Chain. (BSC) during the quarter
BNB is used to power the BNB Chain ecosystem and is the token of the BNB Beacon Chain and BNB Smart Chain, and was issued by Binance after its initial coin offering in 2017.
The post since the launch of BEP95, over 145,000 BNB has been burned appeared first on Bitcoin Addict.