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Price
0.994566 USD
% Change
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Market Cap
57.4M USD
Volume
1.09K USD
Circulating Supply
57.7M
37% from all time low
159% to all time high
14% from all time low
40818% to all time high

Binance USD BUSD: Token Burn

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Later today, Binance will burn $2bn worth of idle BUSD on BNB Chain. The same amount of BUSD on the Ethereum network, which was used as collateral, will then be released

Event date: February 22, 2023 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.

Binance
@binance
Later today, #Binance will burn $2bn worth of idle BUSD on BNB Chain. The same amount of BUSD on the Ethereum network, which was used as collateral, will then be released.
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Now (Added 2 years ago)
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Added by Alika
Feb 22 15:57 (UTC)
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