Home Courses What Is BNB Auto-Burn?
0(0)

What Is BNB Auto-Burn?

Coin burning is a mechanism used to remove coins from circulation, reducing the total supply permanently. Many cryptocurrency projects perform periodic coin burns to create a deflationary effect. BNB adopts two coin-burning mechanisms, which will reduce its total supply by 50% in the long term. The first mechanism consists of burning a portion of the […]

Updated March 23, 2022

About Course

Coin burning is a mechanism used to remove coins from circulation, reducing the total supply permanently. Many cryptocurrency projects perform periodic coin burns to create a deflationary effect.

BNB adopts two coin-burning mechanisms, which will reduce its total supply by 50% in the long term. The first mechanism consists of burning a portion of the BNB spent as gas fees on the Binance Smart Chain (BSC) (introduced in the BEP-95). The second consists of quarterly BNB burning events.

Previously, the quarterly BNB burns were based on the BNB trading volume on the Binance exchange. But in December 2021, Binance announced that the Quarterly Burn would be replaced by the new BNB Auto-Burn.

The BNB Auto-Burn mechanism will automatically adjust the amount of BNB to be burned based on the BNB price and the number of blocks generated on BSC during the quarter. This offers greater transparency and predictability to the BNB community.

Show More

Course Content

What Is BNB Auto-Burn?
Coin burning is a mechanism used to remove coins from circulation, reducing the total supply permanently. Many cryptocurrency projects perform periodic coin burns to create a deflationary effect. BNB adopts two coin-burning mechanisms, which will reduce its total supply by 50% in the long term. The first mechanism consists of burning a portion of the BNB spent as gas fees on the Binance Smart Chain (BSC) (introduced in the BEP-95). The second consists of quarterly BNB burning events. Previously, the quarterly BNB burns were based on the BNB trading volume on the Binance exchange. But in December 2021, Binance announced that the Quarterly Burn would be replaced by the new BNB Auto-Burn. The BNB Auto-Burn mechanism will automatically adjust the amount of BNB to be burned based on the BNB price and the number of blocks generated on BSC during the quarter. This offers greater transparency and predictability to the BNB community.

  • What is a coin burn?
  • How is BNB burned?
  • BNB Quarterly Burn
  • The BEP-95 burning mechanism
  • What is BNB Auto-Burn?
  • How to check the BNB Auto-Burn history?
  • Closing thoughts

Student Ratings & Reviews

No Review Yet
No Review Yet

Related Courses

Free

10 tips for mastering time management at work part 2

1 Lessons
Free

How to Use the Polygon Bridge?

7 Lessons
Free

The Business Intelligence Analyst Course

2 Enrolled 10 Lessons

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper matti pibus leo.

Twitter Facebook-f Youtube Discord

Student

  • Tutorials
  • Resources
  • Guides
  • Examples
  • Docs

Teacher

  • Business Strategy
  • Become A Teacher
  • Project Management
  • Membership
  • Brand Assets

Useful links

Twitter Facebook-f Youtube Discord

Disclaimer

Our crypto assets concerned are not considered financial instruments, electronic money, structured deposit, and the activities carried out are not considered regulated activities Cryptocurrency assets has relatively huge fluctuations in their prices. Please do judge your own investment capabilities rationally and make your investment decisions cautiously. The information and analysis contained in KRYZA sites and social sites,groups reflect the privacy of the authors and is not an investment analysis or investment advice. When making any investment decision, the suitability of the given investment can only be determined by an examination tailored to the person of the given investor, for which the author of the post does not undertake and is not suitable. Therefore, before each investment decision, find out in detail and from several sources, if necessary, consult your personal investment advisor!