The post $971M Worth of BNB Tokens Burnt In 28th Quarterly Token Burn appeared first on Coinpedia Fintech News
The BNB Foundation recently announced the completion of its 28th quarterly BNB token burn to manage its token supply and bolster its price action over time. This quarter saw 1,643,698.8 BNB token burns, valued at around $971 million. BNB’s Auto-Burn system aims to gradually decrease the total supply of the token to 100,000,000. This system decides the amount to be burned based on the BNB value and the number of blocks BSC generates in a quarter. The most recent burn occurred directly on the BSC due to the ongoing BNB Chain Fusion.
