Where does some of the gas fee paid for transfers on BNB Chain go?
Under the Auto-Burn formula, the higher the price of BNB that quarter, the fewer BNB are burned; the lower the price, the more BNB are burned.
When checking burn announcements, rely on official BNB announcements and on-chain data—don’t blindly trust secondhand information.
The total supply of $BNB is gradually reduced through quarterly burns and real-time on-chain burns.
Have you run into similar pitfalls? Share them to help others avoid the same mistakes.
#BNB
Do your own research before placing an order.
Under the Auto-Burn formula, the higher the price of BNB that quarter, the fewer BNB are burned; the lower the price, the more BNB are burned.
When checking burn announcements, rely on official BNB announcements and on-chain data—don’t blindly trust secondhand information.
The total supply of $BNB is gradually reduced through quarterly burns and real-time on-chain burns.
Have you run into similar pitfalls? Share them to help others avoid the same mistakes.
#BNB
Do your own research before placing an order.