Where does part of the gas fee you pay when trading on BNB Chain go?
The two burns are based on different factors: quarterly Auto-Burns depend on the price and number of blocks produced, while BEP-95 depends on how much gas is actually used on-chain—the more active the chain, the more gets burned.
In December 2021, BNB’s quarterly burn mechanism changed to Auto-Burn, and the first Auto-Burn took place in January 2022.
Don’t laugh—I only remembered after learning the hard way myself.
Market conditions are always uncertain, so think ahead about what you’ll do if you’re wrong.
$BNB 749.75 (+0.85%)
#BNB
For reference only. You’re responsible for your own gains and losses.
The two burns are based on different factors: quarterly Auto-Burns depend on the price and number of blocks produced, while BEP-95 depends on how much gas is actually used on-chain—the more active the chain, the more gets burned.
In December 2021, BNB’s quarterly burn mechanism changed to Auto-Burn, and the first Auto-Burn took place in January 2022.
Don’t laugh—I only remembered after learning the hard way myself.
Market conditions are always uncertain, so think ahead about what you’ll do if you’re wrong.
$BNB 749.75 (+0.85%)
#BNB
For reference only. You’re responsible for your own gains and losses.