Binance has burned about 2 million BNB tokens

Binance has burned about 2 million BNB tokens

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Author: Robert Strickland (crypto-journalist)
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Binance has burned about 2 million BNB tokens
Cryptocurrency exchange Binance has conducted its 24th quarterly burn of about 2 million BNB tokens
The exchange plans to burn half of the total supply to reach a volume of 100 million BNBs

Cryptophyte Binance conducted another quarterly burn of BNB tokens, as a result of which 1,991,854 BNB tokens worth approximately $484 million were removed from circulation.

The procedure was carried out through the Auto-Burn and Pioneer Burn programs. In total, Binance plans to burn 50% of the total supply to reach a volume of 100 million BNB.

Now 48 million coins have been withdrawn from circulation. Next time the exchange plans to burn almost 2.1 million tokens worth $512 million, according to BNBBurn calculations.


 

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