TechFlow news: The BNB Foundation today announced the successful completion of the 30th quarterly BNB token burn on BNB Chain. A total of 1,634,200.95 BNB were burned in this round, worth approximately $1.16 billion at the time of burning.
Of this amount, 1,524,200.95 BNB were automatically burned through the regular burn mechanism, while 110,000 BNB were burned under the Pioneer Burn (anti-black hole) program. To facilitate a smooth integration of BNB, validator nodes on the former BNB Beacon Chain had staked a total of 110,000 BNB on the chain. With the decommissioning of the Beacon Chain, these staked BNB tokens have permanently exited circulation and are considered irretrievably lost—effectively "burned into a black hole." Validators will be compensated through the Pioneer Burn program.
Transaction ID (TXID) for this BNB burn:
https://bscscan.com/tx/0x6c36e62d0c2c62a963c2410bb8feec49c5ce562bdfdac1fb2dbfa3c190be374c
