Crypto Trivia 📚 BNB Burn Mechanism
BNB was first launched in 2017, with an initial total supply of 200 million. The long-term goal is to reduce the total supply to 100 million through burns.
In December 2021, BNB’s quarterly burns switched to the Auto-Burn mechanism, and the first Auto-Burn took place in January 2022.
The first page of my study notes says: Understand it before you act.
The total supply of $BNB is gradually decreasing through quarterly burns and real-time on-chain burns. Currently: 698.51.
BNB was first launched in 2017, with an initial total supply of 200 million. The long-term goal is to reduce the total supply to 100 million through burns.
In December 2021, BNB’s quarterly burns switched to the Auto-Burn mechanism, and the first Auto-Burn took place in January 2022.
The first page of my study notes says: Understand it before you act.
The total supply of $BNB is gradually decreasing through quarterly burns and real-time on-chain burns. Currently: 698.51.