The 20th BNB Burn CZ's Sharing on Binance for Five Years

The 20th BNB Burn by Binance

This past quarter, on the occasion of Binance’s fifth anniversary, BNB completed its third BNB auto-burn. A total of 1,959,595.29 BNBs (~$444,632,106) were burned from circulation, including 4,181.77 BNBs burned from the BNB Anti-Black Hole Program .

Facts and figures about this destruction:
  • Total Burn: 1,959,595.29 BNB
  • Approx: $444,632,106
  • Destroyed Transaction ID (TXID): View Transaction
  • ” Anti-Black Hole Program ” Total Destruction: 4,181.77 BNB , which is included in the total destruction

Go to Binance Official Website

About BNB Quarterly Burn

Since the launch of BNB and Binance in 2017, Binance has committed to removing 100 million BNB, or half of the total supply, from the total circulating supply of BNB through “quarterly burns.”

In the last quarter of 2021, the “Auto-Burn” mechanism is activated for BNB burning, and the number of burns in each quarter will be automatically calculated by the formula.

In the past, the burning of BNB reflected the token usage and profits generated by the Binance exchange.

With the feedback and support of the community, the BNB automatic destruction mechanism has effectively replaced the previous profit destruction mechanism, which will help promote the process of BNB becoming independent of the Binance centralized ecosystem.

Of course, BNB is still the “fuel” that enables transactions on the BNB Chain.

Information about the instant destruction of BNB can be found on bnbburn.info, a third-party website established by the BNB community.

Go to Binance Official Website