BNB FoundationBNB Chain announced that the 31st quarter coin burning was successfully completed. With this process, a total of 1.57 million BNB was removed from the circulation permanently. BNBs, which have a value of approximately $ 916 million at the time of burning, directly BNB Smart Chain (BSC) was sent to “Blackhole”. These planned burning operations BNB CoinIt aims to protect a deflationist structure by reducing the total supply of its total supply. The target is to reduce the maximum supply to 100 million BNB.
Altcoin BNB’s automatic and real -time coin burning process
Bnb Coin burning is carried out through two main systems: Automatic burning (Auto-Burn) and real-time burning (Real-Time Burn). The Auto-Burn system is determined by the price of BNB and the number of blocks produced on BSC and it is applied in a transparent way in three months. This system works independently of the Binance Exchange and has a structure open to external audits.
On the other hand, BNB also burns some of the transaction fees collected in each block instantly. Within the scope of this system, which has become activated with the Bep95 update, approximately 259 thousand 400 BNBs have been burned and destroyed. This coin burning The mechanism plays an important role in the long -term sustainability of the network.
The meaning of coin burns on BNB ecosystem
Bnb is beyond being just a transaction currency, BNB Chain It serves many different purposes from management to incentive programs at the ecosystem. BSC, opbnb And Greenfield It is used to perform operations in networks such as. At the same time, users can participate in voting in the chain through BNB Coin.
Coin burning operations allow BNB to become more scarce, while preparing a potential price rise in supply-demand balance. This stands out as one of the main factors that keep the investor interest alive.
In the process that started with BNB’s transition from the Ethereum Blockchain network to its own network in 2019, a structure was created with supporters with the philosophy of “Build and Build” philosophy. BNB Pioneer Burn program allows users to compensate for BNBs that they lost as a result of incorrect transactions through burning programs.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
