A quick fact about the blockchain industry: BNB burn mechanism
· The amount burned each quarter through Auto-Burn is calculated using a formula and depends mainly on the price of BNB and the number of blocks produced by BNB Smart Chain during that quarter.
· 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.
The total supply of $BNB is gradually decreasing through quarterly burns and real-time on-chain burns. Currently: 735.03.
· The amount burned each quarter through Auto-Burn is calculated using a formula and depends mainly on the price of BNB and the number of blocks produced by BNB Smart Chain during that quarter.
· 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.
The total supply of $BNB is gradually decreasing through quarterly burns and real-time on-chain burns. Currently: 735.03.