BUSD: Token Burn

Name: Token Burn
Start: 2023-02-22T00:00:00Z
End: 2023-02-23T00:00:00Z

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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.

BUSD Price Changes After Event Publication

BUSD Events on the Chart

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3 hours

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2 days

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Now (Added 3 years ago)