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.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