Previously, Binance Calculated The Amount Of Bnb To Burn Based On The Revenue Generated On.
This recent burn corresponds to the period between october 1 and december 31, 2018. The token burn generally was for. Binance ceo cz also shared a new plan to accelerate bnb burns, as well as his thoughts on crypto’s progress so far this year.
For Our 14Th Quarterly Bnb Burn (October To December 2020), Binance Burned A Total Of 3,619,888 Bnb, Equivalent To $165,791,000 Usd Worth Of Tokens.
The effect of the binance coin burn: If you have been following up with bnb and the previous coin burns this currency went through, you surely remember that each of these burns got the bnb’s price up and jumping, the first coin burn set for october 2017 brought bnb from dealing around 1.7$ per one unit to dealing at 10$ per one coin. This figure is quite close to the 1,643,986 bnb amount we previously burned in our fifth bnb burn.
The Latest Quarterly Burn Of 1,335,888 Bnb, Effectively Removes The Equivalent Of Approximately $639,462,868 Usd From Circulation.
Fellow binancians, we have completed our 16th quarterly bnb token burn of 1,296,728 bnb (roughly $393,673,653.52 equivalent). As per their whitepaper, [bnb] binance coin started with 200,000,000 total supply and it will continue to be burned till the total supply reaches 100,000,000 (50%), as explained in binance 1st bnb burn event announcement. Fellow binancians, for the sixth iteration of the burning of binance coin, we at binance are burning 1,623,818 bnb.
The Latest Quarterly Burn Includes The Actual Burning Of 1,291,565 Bnb, Plus An Additional 5,163 Bnb That Was Effectively Burned Via The Pioneer Burn Program.
Bnb is a coin that cannot be mined and all coins were created by binance on the first day of its release. This will continue until binance has burned 100,000,000 bnb. Binance is committed to destroying 100 million bnb tokens, amounting to 50% of the circulating supply, through quarterly burns.
14Th Bnb Burn | Quarterly Highlights And Insights From Cz.
According to data source coin tools, the exchange has destroyed. Binance today announced the results from its 17th quarterly bnb burn on 15 october, 2021. Binance will continue to burn 100,000,000 bnb in this manner.