BNB Burning

As mentioned in the Binance whitepaper, every quarter, Binance uses 20% of its profits to buy back and burn Binance Coins, thereby destroying them completely. Binance consistently conducts quarterly burns, the most recent being its 13th quarterly burn on October 17, 2020.

Binance will continue quarterly burns until it buys back and destroys 100 million Binance coins – 50% of the total supply. This practice ensures that the supply of Binance Coin remains limited, making it rarer and more valuable.#Binance #BNB⁩ #web3withbinance