🚀🔥 1.6 Million BNB Was Burned With A Value Of Nearly 1 Billion USD 📈📉

The burning of new BNB, Binance's ecosystem token, is complete. In the BNB Foundation's statement, it is stated that the burned BNB will be transferred to a so-called "black hole" address.

The BNB Foundation announced that 1,643,698 BNB were burned within the scope of the token burning mechanism. While the 28th burn, which has occurred quarterly for many years, has been carried out, the total value of tokens burned is approximately $971 million.

The BNB token, which migrated to the BNB Chain from the Ethereum network in 2019, will continue to be burned until the total supply is 100 million units. According to the price of BNB and the number of blocks produced quarterly in the BSC network, burned tokens will not be sent back to the so-called 'black hole' address.

At BNB, which also applies the real-time gas fee burning method, 234 thousand tokens have been burned since 2021. #Write&Earn $BNB #BinancePizzaVN