Hello everyone, I am Xing Ge.
There is good news to share with everyone, the BNB Foundation has recently accomplished something significant. They have completed the 29th quarterly token burn, and the value of the tokens burned this time reached 1.07 billion USD. This operation aims to reduce the total supply of BNB to 100 million coins, making BNB scarcer, which is beneficial for its value in the long term.
Among the tokens burned this time, 1,710,142.733 coins were automatically burned, and 62,569.63 coins were BTokens. BTokens are assets that some users accidentally sent to the wrong address, which had previously been handled through a special burn plan. This time, the foundation mentioned that some BTokens from last time were not counted, so they were burned together, making the burn process more transparent.
After the burn, the circulating supply of BNB is now 144,099,981.1 coins, and there are about 43.5 million tokens left to be burned in the coming quarters. The BNB chain may adjust future burn amounts based on the price of BNB and the block production rate on BSC, so the community can have a clearer understanding of what will happen in the future.
As the functionality of the BNB Beacon Chain gradually shifts to BSC, future burns will also be conducted directly on BSC. The burned tokens will be sent to a special address, which will permanently reduce the supply and maintain the deflationary nature of BNB.
