#BTCBreaksATH The burns of the Foundation $BNB will continue.🔥🔥🔥🔥
The burning program aims to reduce the supply of BNB to 100 million tokens. This means that quarterly burns will continue for a considerable time. It is important to mention that token burns are processes in which determined amounts of coins are withdrawn from circulation.
As they cannot be erased, they are removed by sending them to a wallet whose private keys are intentionally forgotten. This makes it technically impossible for anyone to recover those coins in the future. Hence, the burning process is effective and serves the function of supply elimination.
The burning of BNB tokens is carried out through an automatic system. This adjusts the amount burned based on the price of BNB and the number of blocks generated on the network during each quarter. This mechanism is independent, transparent, and is carried out by sending the tokens to a black hole address to permanently remove them from circulation.
The BNB Foundation continues to promote transparency and the development of the ecosystem. In this way, they seek to position BNB Chain as a key player in the blockchain and Web3 space. For this reason, they place special emphasis on the transparency of the burning process.