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Finally, thank you #Binance ;)
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2024 with Binance #2024withBinance $BNB
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#NFT ing
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#Share1BNBDaily BNB Burn is a process within the Binance ecosystem aimed at reducing the total supply of Binance Coin (BNB). This mechanism is designed to make BNB deflationary, positively affecting its supply-demand balance and potentially creating upward price pressure over time. A specific amount of BNB is permanently removed from circulation by sending it to an inaccessible wallet. These tokens are essentially "burned" and cannot be retrieved. Binance conducts quarterly burns (every 3 months), calculating the amount to be burned based on BNB’s price and trading volume during that period. Since 2021, Binance introduced the BNB Auto-Burn mechanism to make the process more transparent. This system calculates the burn amount using a formula tied to blockchain activity, independent of Binance’s revenue.$BNB
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