Binance Just Burned 1,684,387 BNB

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Binance Just Burned 1,684,387 BNB

Binance just completed its 18th BNB burn.

Specifically, according to the blog report, Binance indicates a total burned of 1,684,387 BNB or the equivalent of about 906,764,885 USD removed from circulation.

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Here are the numbers behind the first Auto-Burn BNB feature that Binance is rolling out:

  • Total BNB Burned: 1,684,387 BNB
  • Approximate value in USD: 906,764,885 USD
  • Transaction ID (TXID) to burn BNB: View transaction
  • BNB burned from Pioneer Burn Program: 6296 BNB

Since BNB and Binance launched in 2017, Binance has committed to burning 100 million BNB or half of the total supply out of circulation through a process known as “burning”.

Unlike previous quarterly BNB burns by Binance, the amount of BNB burned this quarter is automatically calculated according to the Auto-Burn BNB feature that Binance recently introduced.

If you do not understand what Auto-Burn BNB is, you can see the article below.

See more: Auto-Burn BNB: Binance's New BNB Burning Mechanism

Changpeng Zhao (CZ)“The Auto-Burn BNB implementation is a natural next step in BNB’s growth journey, which enhances autonomy and transparency in the business,” said Binance co-founder and CEO. BNB burning process”.

BNB burning will continue to follow the same quarterly burning schedule as set forth. The data and numbers for each BNB burn you can publicly track here:

Read more:

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