How is BNB burned? Don’t worry—the class rep is here with the answer:
Under BEP-95, a certain proportion of the Gas fees collected in every BNB Smart Chain block is burned directly.
The two burns are based on different factors: the quarterly Auto-Burn depends on the price and number of blocks produced, while BEP-95 depends on how much Gas is actually used on-chain—the busier the chain, the more BNB is burned.
Useful knowledge won’t make me rich overnight, but it can help me avoid a few pitfalls.
$BNB 742.73 (+1.61%)
Under BEP-95, a certain proportion of the Gas fees collected in every BNB Smart Chain block is burned directly.
The two burns are based on different factors: the quarterly Auto-Burn depends on the price and number of blocks produced, while BEP-95 depends on how much Gas is actually used on-chain—the busier the chain, the more BNB is burned.
Useful knowledge won’t make me rich overnight, but it can help me avoid a few pitfalls.
$BNB 742.73 (+1.61%)