BNB Foundation completes 33rd quarterly burn, destroying $1.6B in BNB
Key Takeaways
- BNB Foundation has completed its 33rd quarterly token burn, destroying $1.6 billion worth of BNB.
- Quarterly burns are determined by the BNB Auto-Burn formula, reducing BNB supply and increasing scarcity.
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BNB Foundation, an organization managing governance and token burns for the BNB Chain ecosystem, completed its 33rd quarterly burn today, destroying over 1.4 million BNB tokens worth $1.6 billion at current market prices.
BNB Chain implements a deflationary tokenomics structure, including a quarterly Auto-Burn based on a transparent formula and a real-time burn of transaction gas fees to progressively reduce BNB supply and increase scarcity.
The ongoing burn process contributes to long-term effects by creating irreversible supply reductions driven by transaction activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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