🔥 Binance, the world's largest crypto exchange, has just burned a whopping $450 million worth of BNB tokens in its 25th quarterly token burn! 🚀
Over 2.1 million BNB tokens were completely destroyed during this latest burn, including 314.69 BNB via the Pioneer Burn Program, designed to help customers who've lost access to their tokens. 💥
Launched in 2017, BNB Auto-Burn aims to provide an independently auditable, objective process. Binance pledged to eliminate 100 million BNB tokens (half of its total supply) through this burning procedure. 💡
So far, billions of dollars have been burned quarterly, with the amount determined by the Auto-Burn formula, ensuring only 100 million BNB tokens remain in circulation. 🌐
As for BNB's price, it gained a modest 3% over the past day, trading at $213, but is still 13% down year-to-date (YTD). 📈 Stay tuned for more exciting BTC news! 🎉