CZ Honors Nearly $1 Billion Token Burn Promise

CZ Honors Nearly $1 Billion Token Burn Promise
BNB
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The BNB Foundation has reached the thirty -first semester code, as it removed 1579207 symbols of trading. This huge decrease, which is worth about $ 916 million at today’s prices, is re -dedicated the long -term project to reduce the total total.

The burning volume records are a marginal decrease from the rise at all

The latest burn was reported as a retreat from the previous quarter record. The thirtieth semester burning destroyed 1.634 million icons of about $ 1.16 billion. Previous burning destroyed 1.524 million symbols via the automatic burning system and about 110,000 units via Burneer Burn. Another burning did not see any symbols from the Pioneer program.

Distinguished symbol supply near the middle of the road to achieve the target goal

By this last reduction, combined BNB burned about 40.89 million icons now. At a price of $ 581 per code, this is equivalent to a value of about $ 23.75 billion, eliminated from offer forever.

The original plan in the ecosystem, as shown in the white paper, was the half of the entire supply from 200 million to 100 million symbols. The number of distinctive symbols is now about 139.311 million symbols, leaving the distinctive symbol in the middle of the road towards its final brand.

BNB is currently trading at $ 583. table: Tradingvief

The market situation continues strong even amid society’s concerns

The circulating offer is still the fifth in the market value, with a value of about $ 81 billion. This is the prominent pioneering symbol in the market.

Some members of society raised the issue of whether it is logical to burn large sums when using money to finance marketing initiatives instead.

In response to a question about how to address these problems, the founder of the Binance Changpeng Zhao answered that the burning mechanism is a promise shown in the white paper the distinctive symbol, noting: ā€œThe promise is a promise.ā€

Multiple burning methods drive the systematic supply reduction

According to data from the institution, BNB has two mechanisms in place to control the distinctive symbol supply. The first is the semester automatic burning that varies according to the use of the price and the network. The second occurs in the actual time via the bep95, as it burns the distinctive symbols within the gas network at the network level. All burned symbols are directed to the title ā€œBlack Holeā€ that can not be eliminated from blood circulation.

The Binance Coin icon has various roles in its ecosystem, which strengthens the transactions on BNB Smart Chain, OPBNB and Greenfield Networks. In addition to paying the price of transactions fees, it is used as a symbol of governance and backup assets as well as ecological growth growth.

Distinctive photo of Pexels, tradingView graph

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