BNB Chain completed its 33rd quarterly token burning: total value exceeds 1.2 billion USD

The BNB Foundation announced today that BNB Chain has successfully completed the 33rd quarterly token burning, which is one of the ongoing deflationary mechanisms aimed at gradually reducing the circulating supply of BNB in the market to further stabilize and enhance the value of the token.

A total of 1,441,281.413 BNB were permanently removed in this round of token burning. Based on the market price at the time of the burn, the total value is approximately 1.208 billion USD, making it one of the largest quarterly token burn events in history.

To ensure transparency and community trust, the BNB Foundation has also publicly disclosed the transaction information for this token burning, including the complete transaction ID (TXID).

In addition, the BNB Foundation also provides a real-time monitoring data link for the public to view the current amount of BNB pending for token burning and the changes in the total supply.

Latest supply update: Remaining total has decreased to 137 million coins.

With the completion of this token burning, the total supply of BNB has decreased to 137,738,379.26 coins. According to the BNB whitepaper, the overall burning mechanism will continue until the total supply reaches 100 million coins.

This article BNB Chain completed its 33rd quarterly token burning: a total value of over 1.2 billion dollars first appeared on Chain News ABMedia.