This effectively took $165,791,000 worth of bnb out of circulation forever. 893k subscribers in the binance community It will continue to follow the same quarterly burn schedule as planned.
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By removing $165.8 million worth of bnb from circulation, binance not only strengthens its token’s value but also demonstrates its dedication to innovation and transparency.
Under the bnb pioneer burn program, binance will cover users’ losses for accepted cases and count the lost tokens under our quarterly bnb token burn activities instead.
Fellow binancians, in accordance with the binance whitepaper, we have completed our 14th quarterly bnb token burn of 3,619,888 bnb (roughly $165,791,000 usd equivalent). A total of 1,959,595.29 bnb was removed from circulation This includes 4,181.77 bnb that was burned from the pioneer burn program. 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
