Cryptocurrency Q&A
What is the burning mechanism of BNB?
What is the burning mechanism of BNB?
Eleonora
Tue Mar 11 2025
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6
answers
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I am trying to understand how BNB, the cryptocurrency, works. Specifically, I want to know about its burning mechanism. How does it affect the supply and value of BNB over time?
6 answers
CryptoPioneer
Thu Mar 13 2025
Binance implements a strategy known as Quarterly Auto Burns.
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TaekwondoPower
Wed Mar 12 2025
The formula considers several factors, including the number of blocks generated on Binance Smart Chain (BSC).
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NebulaSoul
Wed Mar 12 2025
This involves burning a specific portion of the BNB tokens earned as profits during each quarter.
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EclipseSeeker
Wed Mar 12 2025
Additionally, it takes into account the price of BNB and the number of BNB tokens staked by validators.
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SolitudeNebula
Wed Mar 12 2025
The process is designed to reduce the circulating supply of BNB over time.
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