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.

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