The BNB Chain just wrapped up its 30th quarterly BNB Token Burn, and now they’ve zapped away 1.63 million BNB tokens, which is around $1.16 billion.
Now, the total supply of BNB stands at 142.47 million, with another 42.47 million still on the chopping block through their Auto-Burn and real-time burn methods.
Ring of fire
Burning tokens isn’t just about numbers, but it’s a strategic move in the BNB Chain ecosystem aimed at burning a total of 100 million BNB.
This latest burn combines their Auto-Burn and Pioneer Burn programs to keep things transparent and predictable, plus, they even included 110,000 BNB from validators’ self-staked tokens that couldn’t be recovered. In the end, the BNB total supply will be cut half, to 100 million.
With the circulating supply now sitting at 142.47 million BNB, there’s still a good chunk left to burn. This process is designed to boost the utility and scarcity of BNB across the web3 sector.
Why should investors care? Why burning is a big deal?
The BNB Token Burn isn’t just a fancy term, it plays a quite important role in the ecosystem.
Thanks to Auto-Burn, the amount burned each quarter is calculated based on the current price of BNB and how quickly blocks are generated.
This means the supply is consistently shrinking, making the tokenomics deflationary, which is great news for anyone holding onto their tokens as it adds value and stability over time. Demand up, supply down, this is pure economy.
Dynamic burning
And it gets even better! Real-time burns based on gas fees further chip away at the supply as validators set burn ratios for each block.
When you throw in the Pioneer Burn Program, you can see how BNB is sticking to its guns on transparency and efficiency while keeping pace with its decentralized governance goals.
Have you read it yet? Kazakhstan cracks down on illegal crypto exchanges
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
