Largest ever token burn (1/18/21)

cryptocurrency short blog Jan 19, 2021

On 1/18/2021, Binance performed the largest ever token burn of 3.6 million BNB (~$165,791,000 USD). This was done in accordance with their 14th quarterly BNB token burn. Total BNB supply thus decreased to 170,532,825 BNB. They have reached 13% of their goal to burn a total of 100 million BNB (half of the supply).

*BNB powers the Binance Ecosystem. As the native coin of Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more.


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