BNB Chain has conducted 29 quarterly BNB coin burns.
The organization burned 1,772,712 BNB for a total of about $1.07 billion. On November 1, 2024, BNB Chain conducted its 29th quarterly BNB coin burn. 1,772,712 BNB were withdrawn from circulation for a total amount of about $1.07 billion.
https://twitter.com/BNBCHAIN/status/1852260130361901319
The message says that the Auto-Burn system is used to burn coins, and the burn amount is adjusted based on the price of the asset and the number of blocks generated on the Binance Smart Chain during the quarter.
In total, they plan to leave 100 million coins in circulation. At the time of writing, there are 144.1 million BNB in the market, according to CoinMarketCap, with more than 43.5 million BNB left to burn.
According to the portal BNBBurn, in the IV quarter of 2024, BNB Chain will burn more than 1.6 million BNB. Note that at the time of writing, the asset is trading near $578. Over the past month, the BNB rate has increased by 5.6%: the capitalization of the asset is about $84.3 billion. The coin ranks fourth in terms of this indicator among all cryptoassets.$BNB $BTC $USDC
