BNB Chain has completed the token burning for Q32 with a value of over 1 billion USD.

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The BNB Foundation has just announced the completion of the 32nd token burning round of the BNB Chain ecosystem.

Detailed information:

  • Total BNB burned: 1,595,599.78 BNB
  • Token burning: 1,595,470.69 BNB
  • Token burning according to the Pioneer Burn program: 129.10 BNB
  • Estimated value at the time of burning: approximately 1.024 billion USD
  • Remaining supply: 139,289,513.94 BNB

This burning event is part of the Auto-Burn mechanism, aimed at reducing the total supply of BNB to 100 million. This mechanism adjusts the burning amount based on the price of BNB and the number of blocks created on BSC each quarter, ensuring transparency and independent verifiability, not reliant on the Binance exchange.

At the same time, the real-time token burning mechanism (Real-time Burn) based on the gas fee rate from BEP-95 continues to operate, having burned approximately 265,000 BNB to date. In addition, the Pioneer Burn program, which assists users in recovering BNB lost due to operational errors, is also integrated into the quarterly burn events.

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