Ganibade
Verified member
Periodic burning of Binance Tokens (BNB) are used to lower the amount of BNB in circulation.
In December 2021, Binance launched the BNB Auto-Burn system, which modifies burn quantities in accordance with price and demand1. Previously, quarterly burns were determined by trading volume.
This intention is to bring down the entire supply to 100 million BNB. Quarterly burns and real-time burns via the BEP-95 mechanism are the two techniques employed.
By dynamically modifying burn quantities based on price and block output on the Binance Smart Chain, the auto-burn technology seeks to improve predictability and transparency.
On websites like BNBBurn.info, every burn event can be tracked and is available to the public on the blockchain.
In December 2021, Binance launched the BNB Auto-Burn system, which modifies burn quantities in accordance with price and demand1. Previously, quarterly burns were determined by trading volume.
This intention is to bring down the entire supply to 100 million BNB. Quarterly burns and real-time burns via the BEP-95 mechanism are the two techniques employed.
By dynamically modifying burn quantities based on price and block output on the Binance Smart Chain, the auto-burn technology seeks to improve predictability and transparency.
On websites like BNBBurn.info, every burn event can be tracked and is available to the public on the blockchain.
