Crypto 101: BNB Burn Mechanism
The amount burned each quarter through Auto-Burn is calculated using a formula based on the price of BNB that quarter and the number of blocks produced by BNB Smart Chain.
The BNB to be burned is sent to a burn address that no one can access. Every burn can be verified on-chain.
Don’t laugh—I only remembered after learning the hard way.
The total supply of $BNB gradually decreases through quarterly burns and real-time on-chain burns. Currently: 700.99.
I’m just sharing information; this is not investment advice.
The amount burned each quarter through Auto-Burn is calculated using a formula based on the price of BNB that quarter and the number of blocks produced by BNB Smart Chain.
The BNB to be burned is sent to a burn address that no one can access. Every burn can be verified on-chain.
Don’t laugh—I only remembered after learning the hard way.
The total supply of $BNB gradually decreases through quarterly burns and real-time on-chain burns. Currently: 700.99.
I’m just sharing information; this is not investment advice.