Summary
- The BNB Foundation announced that it has completed a BNB burn worth approximately $1.02 billion.
- The Foundation revealed plans to gradually reduce BNB’s total supply through Auto-Burn.
- The amount of BNB burned is adjusted according to the quarterly BNB price and the number of blocks generated on the Binance Smart Chain (BSC).
The Binance Coin (BNB) Foundation has burned Binance Coin tokens worth $1.02 billion (approximately ₩1.4 trillion).
On the 10th (local time), the BNB Foundation announced on its official website, “The 32nd quarterly Binance Coin burn has been successfully completed.” The amount of BNB burned in this round totals about 1.6 million BNB, worth $1.024 billion.
The BNB Foundation plans to gradually reduce the total supply of BNB through ‘Auto-Burn’. The Foundation’s final target supply is 100 million BNB. The Foundation stated, “The burn amount is adjusted based on the quarterly BNB price and the number of blocks generated on Binance Smart Chain (BSC).”
JOON HYOUNG LEE
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