It is common knowledge that cryptocurrency projects perform periodic coin burning as a deflationary mechanism to reduce the total supply of their coins and drive up their prices. Well, the control of ...
Tag: AutoBurn
What is BNB auto-burn and how does it work?
BNB and its role in the blockchain ecosystem Binance Coin (BNB) is the Binance ecosystem’s native cryptocurrency. Launched in 2017, BNB was originally presented as an ERC-20 token on the Ethereum bloc...
Binance launches new ‘auto-burn’ protocol for BNB to replace existing mechanism
The biggest crypto exchange by far is Binance. Despite some regulatory hiccups in the past, the crypto exchange platform was trending in the news following its developments. Here was the most signific...
Over 1.6M BNB Removed In Binance’s First Quarterly Auto-Burn
Binance – the world’s largest crypto exchange – recently completed its 18th quarterly burn, marking its first quarterly auto-burn. The burn removed greater dollar-denominated value from the network th...