Coindar.org
Cryptocurrency calendar
Price BTC
0.003665787
ETH
0.107471567
USD
14.767371642
1h
0.49%
24h
-3.22%
7d
-2.85%
24h volume, BTC
38.7K
USD
156M
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.
What is coin burn?
Coin burn is the 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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Added by
ice_splinter
ice_splinter
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