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Price BTC
0.003586618
ETH
0.120098428
USD
32.348072839
1h
-0.37%
24h
-1.42%
7d
5.16%
24h volume, BTC
46.2K
USD
417M
Binance Coin BNB: Coin Burn
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Each quarter Binance uses 20% of profits to buy back and burn BNB, until 100MM BNB are burned.
A coin burn is a process of sending a certain amount of cryptocurrency to a public address that private keys are unobtainable. Sent coins in the future can't be spent, thus coin burn leads to an overall decrease in the amount of cryptocurrency involved in circulation.
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ice_splinter
ice_splinter
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