Binance Coin BNB: Coin Burn

Name: Coin Burn
Start: 2019-06-30T00:00:00Z
End: 2019-07-01T00:00:00Z

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Every quarter, Binance Coin will destroy BNB based on the trading volume on crypto-to-crypto platform until they destroy 50% of all the BNB. All transactions will be on the blockchain. Binance Coin eventually will destroy 100MM BNB, leaving 100MM BNB remaining.

Event date: Until June 30, 2019 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

BNB Price Changes After Event Publication

BNB Events on the Chart

3782.17%

Now (Added 6 years ago)

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