What Is BNB Auto-Burn? | Binance Academy

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Binance completed the 19th quarterly BNB token burn of 1,839,786.26 BNB yesterday via BNB Auto-Burn. If you're wondering what BNB Auto-Burn is, read this 👇

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.

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.

 

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Cool thing auto-burn, it really helps to solve a number of problems of one of the large networks. But an even better thing is the listing of the $IGU for binance, as this is the first of its kind project in SocialFi and if you flipped through this project on Binance iguverse

I want to remind you to be more generous. I'm fond of IguVerse project not only for its advanced AI and gorgeous NFTs, but for the main notion - love to our dearest animals. Let's donate to animal charity. So why not to list $IGU on your exchange?

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Hello, I am very happy that my favorite project IguVerse is developing so quickly, but it would be even better if it were listed on your exchange

Congrats on the 21st token burn, $BNB coin has been doing great in recent years compared to others, and what about the listing of $IGU, the project is promising, the first in SocialFi, what do you think, is it possible?

Having money is great! When you also use them for charity, it's even better! I'm doing this with the IguVerse project. I wish I could see, perhaps, their coin is on your stock exchange - and help for charity has increased many times. Let's do good 🙏 🦎 iguverce

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wow! insightful!

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Great article. A lot of the slow issues from Shiba burning coins last year was a manual process now this is great for any new crypto currency looking for the best layer 1 protocol it should be BEP20.

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