TechFlow news, according to bnbburn.info data, BNB Chain will burn over 1.8 million BNB (specifically 1,839,786.26 BNB) in its first quarterly burn event. Based on the current BNB price of $403.22, the total value amounts to $741,840,738.874.
In late December last year, Binance announced the implementation of a new BNB auto-burn mechanism, effective immediately. Quarterly burns will be replaced by the automated BNB auto-burn system, providing greater transparency and predictability for the BNB community. The BNB auto-burn will cease when the total circulating supply of BNB falls below 100 million.
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