The BNB burn mechanism, explained in a few sentences:
Under BEP-95, a set proportion of the Gas fees collected in every BNB Smart Chain block is burned directly.
After blocks started being produced faster on BNB Smart Chain, the parameters in the Auto-Burn formula were adjusted to maintain the original burn approach.
When following burn updates, rely on official BNB announcements and on-chain data, and don't put too much trust in secondhand information.
$BNB 752.75（+1.34%）
Under BEP-95, a set proportion of the Gas fees collected in every BNB Smart Chain block is burned directly.
After blocks started being produced faster on BNB Smart Chain, the parameters in the Auto-Burn formula were adjusted to maintain the original burn approach.
When following burn updates, rely on official BNB announcements and on-chain data, and don't put too much trust in secondhand information.
$BNB 752.75（+1.34%）
