BNB Auto-Burn completed the 19th Quarterly BNB Burn

The 19th quarterly BNB token burn of 1,839,786.26 BNB has been performed according to the BNB Auto-Burn protocol. The Pioneer Burn Program effectively burned 9,403.78 BNB in the most recent quarterly burn. The 19th Quarterly $BNB token burn has been completed via #BNB Auto-Burn. Read more ➡️ https://t.co/1fZA1bJbAs pic.twitter.com/rk6mGkYFAM — Binance (@binance) April 19, 2022 BNB Chain Completed its Latest Quarterly Auto-Burn. Since the program’s inception in late 2017, today’s burn is the 19th quarterly event. It’s also the second quarterly auto-burn, with the number of tokens destroyed determined by the price of BNB and the number of blocks produced by the chain over the previous quarter. Previously, the quantity of BNB tokens burned per quarter was determined by the Binance exchange’s BNB trading volume. Today, the BNB Chain carried out its second automatic quarterly token burn, removing 1,830,382 BNB tokens worth $772 million from circulation. With the most recent burn, the total number of tokens burned has risen to 34,921,230 BNB, accounting for nearly 21% of the current circulating supply of 165,078,769 tokens. Binance’s long-term goal is to burn 100 million BNB tokens, or around half of the total BNB supplyThe post BNB Auto-Burn completed the 19th Quarterly BNB Burn first appeared on Cryptoknowmics-Crypto News and Media Platform.The post BNB Auto-Burn completed the 19th Quarterly BNB Burn appeared first on Cryptoknowmics-Crypto News and Media Platform.