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Binance Continues BNB Burns! 25. Combustion Data Announced!

source-logo  en.bitcoinsistemi.com 16 October 2023 04:42, UTC

Binance, the leading global cryptocurrency exchange, has successfully conducted its 25th quarterly Binance Coin (BNB) burn. In this latest burn, a total of 2,139,182.98 BNB tokens were permanently removed from circulation.

Notably, as part of this quarterly burn, 314.69 BNB was effectively eliminated through the Pioneer Burn Program, a strategic initiative of Binance.

Token burns are a critical aspect of Binance's commitment to maintaining the scarcity and value of BNB. Binance aims to create a more robust and sustainable ecosystem for its native cryptocurrency by systematically reducing the current supply.

*This is not investment advice.

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