October 13, 2022

The 21st Quarterly BNB Burn Completed via BNB Auto-Burn

Binance has completed its 21st quarterly BNB burn!

Binance completed a quarterly BNB burn of 2,065,152.42 BNB, 4,833.25 BNB were burned in the Pioneer Burn.

Txid of the 21st quarterly BNB burn:
https://explorer.bnbchain.org/tx/5C6C88892AB98D820173DF6F784F76DDABCA32A06546C132514E663E66699794

As a reminder, each quarter Binance uses 20% of its profits to buy back and burn BNB until 50% of the total supply is burned. In the end, only 100,000,000 BNB will remain.

Also, in addition to the quarterly burn, there is an alternative method to burn tokens. It was launched with the new Bruno v1.1.5 update

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Jack Evans

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About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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