Binance Coin BNB: Coin Burn

Name: Coin Burn
Start: 2018-03-01T00:00:00Z
End: 2018-04-01T00:00:00Z

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Each quarter Binance uses 20% of profits to buy back and burn BNB, until 100MM BNB are burned.

Event date: March 2018 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

7192.90%

Now (Added 7 years ago)

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