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The BNB Foundation has announced the successful completion of the 31st quarterly BNB coin burn, carried out by BNB Chain. Through this process, a total of 1.57 million BNB has been permanently removed from circulation. At the time of the burn, the value of the burned coins was approximately $916 million. The BNB tokens were sent directly to the “blackhole” address on the BNB Smart Chain (BSC), effectively taking them out of the supply. These scheduled burns aim to maintain a deflationary structure by gradually reducing the total supply, with a long-term goal of bringing the maximum supply down to 100 million BNB.
BNB Coin Burn Process: Automatic and Real-Time Systems
The BNB coin burning mechanism operates through two main systems: Automatic Burn (Auto-Burn) and Real-Time Burn. The Auto-Burn system calculates the burn amount based on the BNB price and the number of blocks produced on BSC, and is executed transparently every quarter. It functions independently of the Binance exchange and is open to external audits.
On the other hand, the Real-Time Burn process destroys a portion of the transaction fees collected per block instantly. Activated through the BEP95 update, this system has led to the destruction of approximately 259,400 BNB so far. This dual burn strategy plays a critical role in supporting the long-term sustainability of the network.
The Significance of Coin Burns in the BNB Ecosystem
BNB is more than just a transaction token—it plays a multifaceted role within the BNB Chain ecosystem, ranging from governance participation to incentive programs. It is actively used in networks such as BSC, opBNB, and Greenfield to facilitate various on-chain operations. Additionally, users can participate in on-chain voting processes through BNB.
Coin burning reduces the token’s availability, making BNB scarcer, and thus creates a potential upward pressure on its price. This scarcity is a key factor in maintaining investor interest.
Since its transition from the Ethereum blockchain to its own chain in 2019, BNB has evolved with the motto “Build and Build,” supporting developers throughout its ecosystem. The BNB Pioneer Burn Program also allows users who lose BNB due to accidental transactions to be compensated through controlled burn processes.
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