Wednesday, December 8, 2021
Home Crypto News Exchanges Binance Burned 1.3 Million BNB Worth $640 million

Binance Burned 1.3 Million BNB Worth $640 million

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Binance cryptocurrency exchange conducted a quarterly BNB token burn. This time, 1.3 million tokens were burned, and the burn value became a record – almost $640 million.



Recall that the previous time tokens were burned was in July, at that time 1.2 million BNB worth $390 million were destroyed. The exchange plans to destroy tokens every quarter until 50% of the total BNB will be burned.

binance 17th quarter bnb burn

 

Binance.com Writes:

“Today we completed our quarterly BNB burn, permanently removing 1,335,888 BNB, or the equivalent of approximately $639,462,868 USD from circulation. Here’s what you need to know about our latest burn: 

  • Total BNB burned: 1,335,888 BNB

  • Approximate value in USD: ~$639,462,868 USD

  • Transaction ID (TXID) for BNB burn: View Transaction 

  • BNB burned from the Pioneer Burn Program: 17,839 BNB

  • Total BNB supply has decreased from approx. 168,137,036 BNB to 166,801,148 BNB”

Read More On: https://www.binance.com/en/blog/421499824684902908/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz

 

 

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Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.

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