Summary
- BNB Foundation said it burned BNB tokens worth about $1.02 billion.
- BNB Foundation said its regular quarterly burns are aimed at reducing the total supply of BNB tokens to 100 million.
- BNB Foundation said the burn amount is adjusted based on the BNB price and the quarterly number of BNB Chain blocks to ensure transparency and predictability.
Forecast Trend Report by Period
BNB Foundation said it burned BNB tokens worth about $1.02 billion.
The foundation announced on its official website on April 15 that it had completed its 35th quarterly BNB token burn. About 1.57 million BNB tokens were burned in the latest round. The tokens were worth an estimated $1.02 billion at the time of the burn.
BNB Foundation conducts regular quarterly token burns as part of a plan to reduce BNB's total supply to 100 million tokens. It said the burn volume is adjusted based on BNB's price and the number of blocks generated on BNB Chain each quarter to ensure transparency and predictability.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
