🔥 Binance burned 1.65 million BNB worth $1.2 billion in its 37th quarterly token burn.
Every three months, Binance uses 20% of its profits to buy back and destroy BNB coins (by sending them to irretrievable addresses). This is done to ensure liquidity and will continue until 50% of the total supply has been depleted.
Ultimately, only 100 million BNB will remain in circulation.
Every three months, Binance uses 20% of its profits to buy back and destroy BNB coins (by sending them to irretrievable addresses). This is done to ensure liquidity and will continue until 50% of the total supply has been depleted.
Ultimately, only 100 million BNB will remain in circulation.