BNB Update: Top Reasons Why BNB Might Hit $700 Soon
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The organization has been persistently involved in this burn mechanism to improve the scarcity and demand of the token in the market. Here, the token gets transferred to the blackhole address directly from the network.
More importantly, this burn didn’t utilize any of the Pioneer Burn
Program tokens, which removes an equal amount of BNB tokens as the lost funds of the users on the network.
Addition of Native Liquid Staking Option
In a recent press release, the team announced the migration of the validators from the current Beacon Chain to the Smart Chain.
As a part of this migration, liquid staking is now enabled on the BNB Smart Chain, offering multiple benefits like MEV rewards and APY staking. Along with these, there will be additional
benefits like expansion of the validator base, better benefits for
Delegators, and improvement in flexibility.
Conclusion
With the bullish outlook for the BNB token, the expectations are high to see the token surging above the ATH. Also, the BNB burn and introduction of liquid staking on the BSC network will help lift the token in the market because of the improvised performance of the networkand scarcity of the token.