{"id":141149,"date":"2024-11-01T16:30:33","date_gmt":"2024-11-01T14:30:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141149"},"modified":"2024-11-01T15:38:23","modified_gmt":"2024-11-01T13:38:23","slug":"bnb-foundation-removes-over-1-billion-in-lates-quarterly-token-burn","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bnb-foundation-removes-over-1-billion-in-lates-quarterly-token-burn\/","title":{"rendered":"BNB Foundation Removes Over $1 Billion in Lates Quarterly Token Burn"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.bnbchain.org\/en\/blog\/29th-bnb-burn\" target=\"_blank\" rel=\"nofollow\">latest burn<\/a><\/strong> was executed through BNB Chain\u2019s Auto-Burn mechanism, aligning with the platform\u2019s strategy to gradually decrease the total supply of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bnb\/\">BNB<\/a> <\/strong>to a capped amount of 100 million tokens.<\/p>\n<p>In total, 1,772,712.363 BNB was burned this quarter, consisting of two primary components. The Auto-Burn process accounted for 1,710,142.733 BNB, while the remaining 62,569.63 BNB originated from the Pioneer Burn Program. This program reimburses users who accidentally transferred their BNB-backed tokens to inactive addresses, and this portion was included in the burn for the first time.<\/p>\n<p>The details of the burn transaction are recorded on the BNB Chain, and further information can be accessed through the transaction ID.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/cardano-primed-for-a-major-upsurge-as-analyst-predicts-significant-price-movement\/\" title=\"Cardano Primed for a Major Upsurge as Analyst Predicts Significant Price Movement\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cardano-7-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Cardano Primed for a Major Upsurge as Analyst Predicts Significant Price Movement<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The burn mechanism operates automatically every three months, adjusting the burn amount based on the current market price of BNB and the total number of blocks produced on the BNB Smart Chain (BSC). This ensures a transparent and consistent reduction in supply, utilizing real-time mechanisms for burning gas fees collected from BSC transactions.<\/p>\n<p>As BNB Chain progresses with its ongoing Fusion initiative, future token burns will occur directly on the BSC, with burned tokens sent to a \u201cblackhole\u201d address to be permanently removed from circulation. Currently, approximately 43.5 million BNB tokens remain to be burned in order to reach the target supply cap of 100 million tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BNB Foundation has recently completed its 29th quarterly token burn, effectively removing about 1.77 million BNB from circulation, which was valued at roughly $1.07 billion at the time of the burn.<\/p>\n","protected":false},"author":3,"featured_media":22028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-141149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB Foundation Removes Over $1 Billion in Lates Quarterly Token Burn<\/title>\n<meta name=\"description\" content=\"The BNB Foundation has recently completed its 29th quarterly token burn, effectively removing about 1.77 million BNB from circulation...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/bnb-foundation-removes-over-1-billion-in-lates-quarterly-token-burn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Foundation Removes Over $1 Billion in Lates Quarterly Token Burn\" \/>\n<meta property=\"og:description\" content=\"The BNB Foundation has recently completed its 29th quarterly token burn, effectively removing about 1.77 million BNB from circulation...\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-01T14:30:33+00:00\" 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