BNB Chain Successfully Completed Its 31st Quarterly BNB Token Burn! Here is the Amount of BNB Burned!

The BNB Chain has successfully completed its 31st quarterly token burn, removing 1,579,207,716 BNB tokens valued at approximately $916 million. This burn is part of the automatic token burn mechanism introduced in late 2021, aiming to reduce the total supply of BNB tokens to 100 million.

Key Details:

Tokens Burned: 1,579,207.72 BNB tokens were burned, worth around $916 million.

- *Remaining Tokens to Burn*: 40,886,572.43 BNB tokens are left to be burned.

Current Total Supply: The total supply of BNB tokens is now 139,311,899.514.

Burn Mechanism: The amount of BNB burned each quarter is calculated based on the BNB market price and the number of blocks produced on the BNB Smart Chain (BSC).

Transaction ID: The transaction ID for the BNB burn is 0x9fbe14355cfa89ec524af1b4b8f3b9d3035f2fdabd6cd0db8a2f4c1b6b236bfc.

The burn is a key element of BNB's long-term strategy to support token value and economic sustainability, reinforcing the project's commitment to reducing supply and incentivizing long-term holders .#bnb $BNB