Key Takeaways
- BNB Foundation has completed its 33rd quarterly token burn, destroying $1.6 billion worth of BNB.
- Quarterly burns are determined by the BNB Auto-Burn formula, reducing BNB supply and increasing scarcity.
BNB Foundation, an organization managing governance and token burns for the BNB Chain ecosystem, completed its 33rd quarterly burn today, destroying over 1.4 million BNB tokens worth $1.6 billion at current market prices.
BNB Chain implements a deflationary tokenomics structure, including a quarterly Auto-Burn based on a transparent formula and a real-time burn of transaction gas fees to progressively reduce BNB supply and increase scarcity.
The ongoing burn process contributes to long-term effects by creating irreversible supply reductions driven by transaction activity.
Source: https://cryptobriefing.com/bnb-foundation-33rd-quarterly-burn-1-6-billion/
