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BNB Foundation Announces Successful Completion of 28th Quarterly BNB Token Burn The BNB Foundation has officially announced the successful completion of the 28th quarterly BNB token burn by BNB Chain. Facts and Figures from the Latest Burn: Auto-Burn (Total BNB burned): 1,643,698.8 BNBApproximate value in USD around the time of burn: ~$971M $BNB #BURN #28thBurn What You Need to Know About the BNB Burn BNB is the native coin of the BNB Chain ecosystem, essential for powering its multifaceted Web3 environment. It supports transactions on the BNB Smart Chain (BSC), the opBNB L2s, and BNB Greenfield blockchain. Besides transaction fees, BNB serves as a governance token, granting holders the ability to participate in the BNB Chain’s decentralized on-chain governance. Following its mainnet launch on April 18, 2019, BNB transitioned from the Ethereum Network to the BNB Chain. "Build and Build" is the philosophy behind BNB, reflecting its role in fostering development within the ecosystem. BNB Auto-Burn BNB employs an Auto-Burn system to gradually reduce its total supply to 100,000,000 BNB. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter, ensuring transparency and predictability. The BNB Auto-Burn provides an independently auditable, objective process. The figures are reported quarterly, and the mechanism is independent of the Binance centralized exchange. Unlike previous quarterly Auto-Burns, this quarter's burn, along with future burns, will occur directly on BSC due to the ongoing BNB Chain Fusion. The corresponding BNB amount will be sent to the "blackhole" address: 0x000000000000000000000000000000000000dEaD. BNB Real-time Burn Additionally, BNB implements a real-time burning mechanism based on gas fees. BSC validators determine the ratio of gas fees collected in each block, which is burned at a fixed rate. Since the introduction of BEP95, roughly 234K BNB has been burnt under this mechanism. Details 👇🏼
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Happyyyy Birthday #Binance 🎂🎂🍰 #BinanceTurns7 𒐩
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Thank you #Binance happy 7 years! #BinanceTurns7 Keep #BUIDL
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4 $BNB
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Important Announcement for Turkey Users and Traders ! Announcement for Turkey Users Fellow Binancians, As part of Binance’s commitment to transparency and regulatory compliance, there will be some important changes to our services in Turkey. At Binance, we have been closely monitoring the regulatory developments in Turkey. We believe in the importance of collaboration with regulators to ensure a compliant environment for all users and strongly support the development of a regulatory framework for our industry to safeguard the ecosystem. As such, we are taking all necessary measures to ensure legal compliance in Turkey and globally. In line with these regulations, Binance.com will remain accessible from Turkey. However, there will be some adjustments to our services: Language Options: Turkish language selection will be turned off gradually within 3 months for Binance.com services. Marketing Activities: All direct marketing activities for Turkish users will be completely halted. We are aware that these changes will affect some of our users, but as always, the safety and experience of all our users will remain our priority. Rest assured, all user funds are safe, and the deposit/withdrawal functions will remain available.
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