Binance Coin BNB: Coin Burn
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.