{"id":30049,"date":"2024-09-27T23:45:02","date_gmt":"2024-09-27T20:45:02","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30049"},"modified":"2024-09-27T21:03:44","modified_gmt":"2024-09-27T18:03:44","slug":"bnb-coin-burning-dates-what-is-bnb-coin-burning","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/","title":{"rendered":"BNB Coin Burning Dates: What is BNB Coin Burning?"},"content":{"rendered":"<p>Binance Coin (BNB), one of the leading projects in the cryptocurrency world, plays an important role in the Binance ecosystem. In particular, the \u201ccoin burning\u201d process stands out as an important mechanism that contributes to the value of BNB. So, what is the BNB coin burning process and why is it so important? Here are the details.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#What_is_BNB_Coin_Burning\" title=\"What is BNB Coin Burning?\">What is BNB Coin Burning?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#BNB_Coin_Burn_Dates\" title=\"BNB Coin Burn Dates\">BNB Coin Burn Dates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#The_Importance_of_Coin_Burning_and_Price_Impact\" title=\"The Importance of Coin Burning and Price Impact\">The Importance of Coin Burning and Price Impact<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_BNB_Coin_Burning\"><\/span>What is BNB Coin Burning?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The &#8220;coin burning&#8221; process is the name given to the process of permanently removing a certain amount of coins from circulation in order to reduce the total token supply in the market. This process can lead to an increase in price within the framework of the supply and demand balance and help the assets of existing coin holders become more valuable. Coin burning transactions for Binance Coin (BNB) are carried out at regular intervals as part of the activities in the Binance ecosystem.<\/p>\n<p>BNB&#8217;s coin burning transactions have been on the roadmap since the early days of the Binance exchange and have been a regularly implemented strategy. Binance aims to burn 50% (100 million BNB) of the total BNB supply of 200 million.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"BNB_Coin_Burn_Dates\"><\/span>BNB Coin Burn Dates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Binance Coin burns are based on a percentage of the profits earned by Binance. Each quarter, Binance burns a certain amount of BNB tokens, thereby reducing the total BNB supply in circulation. Below are the coin burn dates and BNB amounts burned in recent years:<\/p>\n<p><strong>1. 15th Coin Burn &#8211; October 16, 2019<\/strong><\/p>\n<p>Amount of BNB Burned: 2,061,888 BNB<\/p>\n<p>This burn was recorded as one of the largest burns at the time. Binance has continued its policy of increasing burn rates as the market size increases.<\/p>\n<p><strong>2. 16. Coin Burn &#8211; January 18, 2020<\/strong><\/p>\n<p>Amount of BNB Burned: 3,373,988 BNB<\/p>\n<p>This burn, which took place in the first quarter of 2020, allowed more BNB to be withdrawn from circulation compared to previous burns.<\/p>\n<p><strong>3. 17. Coin Burn &#8211; April 17, 2020<\/strong><\/p>\n<p>Amount of BNB Burned: 3,373,988 BNB<\/p>\n<p>During this period, Binance accelerated its strategy of reducing coin supply by continuing BNB burns more frequently and effectively.<\/p>\n<p><strong>4. 18. Coin Burn &#8211; July 16, 2020<\/strong><\/p>\n<p>Amount of BNB Burned: 3,477,388 BNB<\/p>\n<p>Binance continued to burn regularly at the end of each quarter, and approximately $60 million worth of BNB was burned during this burn.<\/p>\n<p><strong>5. 19. Coin Burn &#8211; October 17, 2020<\/strong><\/p>\n<p>Amount of BNB Burned: 2,253,888 BNB<\/p>\n<p>With this burning process, Binance has withdrawn 12.6% of the total supply from circulation.<\/p>\n<p><strong>6. 20. Coin Burn &#8211; January 19, 2021<\/strong><\/p>\n<p>Amount of BNB Burned: 3,619,888 BNB<\/p>\n<p>While Binance&#8217;s quarterly burning policy continues in 2021, this process attracted attention as one of the largest burning processes made up to that period.<\/p>\n<p><strong>7. 21. Coin Burn &#8211; July 16, 2021<\/strong><\/p>\n<p>Amount of BNB Burned: 1,296,728 BNB<\/p>\n<p>In 2021, burning processes were placed on a tighter schedule and notable amounts were removed from circulation in each quarter.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Importance_of_Coin_Burning_and_Price_Impact\"><\/span>The Importance of Coin Burning and Price Impact<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Burning coins can have a positive impact on the BNB price in the long term. A decrease in supply leads to an increase in price if demand remains constant. This creates an important incentive mechanism for BNB holders, while also increasing trust in the Binance ecosystem.<\/p>\n<p>In addition to regular burns, Binance works to ensure that BNB is more in demand within the ecosystem by developing new projects and uses. This strategy not only reduces supply, but also increases BNB\u2019s functionality and usage on the Binance platform.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance Coin (BNB), one of the leading projects in the cryptocurrency world, plays an important role in the Binance ecosystem. In particular, the \u201ccoin burning\u201d process stands out as an important mechanism that contributes to the value of BNB. So, what is the BNB coin burning process and why is it so important? Here are<\/p>\n","protected":false},"author":6,"featured_media":15386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1934,1526,8814,265],"class_list":["post-30049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-bnb-chain","tag-bnb-coin","tag-bnb-coin-burn","tag-coin-burn"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB Coin Burning Dates: What is BNB Coin Burning? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Coin Burning Dates: What is BNB Coin Burning? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Binance Coin (BNB), one of the leading projects in the cryptocurrency world, plays an important role in the Binance ecosystem. In particular, the \u201ccoin burning\u201d process stands out as an important mechanism that contributes to the value of BNB. So, what is the BNB coin burning process and why is it so important? Here are\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-27T20:45:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-27T18:03:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/\",\"name\":\"BNB Coin Burning Dates: What is BNB Coin Burning? - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg\",\"datePublished\":\"2024-09-27T20:45:02+00:00\",\"dateModified\":\"2024-09-27T18:03:44+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg\",\"width\":1600,\"height\":900,\"caption\":\"BNB Chain\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BNB Coin Burning Dates: What is BNB Coin Burning?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BNB Coin Burning Dates: What is BNB Coin Burning? - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/","og_locale":"en_US","og_type":"article","og_title":"BNB Coin Burning Dates: What is BNB Coin Burning? - Coin Engineer","og_description":"Binance Coin (BNB), one of the leading projects in the cryptocurrency world, plays an important role in the Binance ecosystem. In particular, the \u201ccoin burning\u201d process stands out as an important mechanism that contributes to the value of BNB. So, what is the BNB coin burning process and why is it so important? Here are","og_url":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/","og_site_name":"Coin Engineer","article_published_time":"2024-09-27T20:45:02+00:00","article_modified_time":"2024-09-27T18:03:44+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/","url":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/","name":"BNB Coin Burning Dates: What is BNB Coin Burning? - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg","datePublished":"2024-09-27T20:45:02+00:00","dateModified":"2024-09-27T18:03:44+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/BNB-Chain.jpg","width":1600,"height":900,"caption":"BNB Chain"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/bnb-coin-burning-dates-what-is-bnb-coin-burning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"BNB Coin Burning Dates: What is BNB Coin Burning?"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/30049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=30049"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/30049\/revisions"}],"predecessor-version":[{"id":30050,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/30049\/revisions\/30050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/15386"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=30049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=30049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=30049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}