Binance is dropping its current quarterly coin burn mechanism for a better, more transparent, and predictable BNB auto-burn mechanism.
“We’ve been listening closely to the Binance Smart Chain (“BSC”) and BNB communities-and we are proud to announce the implementation of a new BNB Auto-Burn procedure effective immediately.” A Thursday announcement by the crypto exchange read.
According to the announcement, the move came as a result of increased demand for a healthier blockchain system from BSC users and BNB communities.
Just like gas on the Ethereum network, BNB is Binance’s native token and is used to fuel transactions on the Binance Smart Chain. Binance does not however control or operate BSC thus leaving BNB to be supported by a community of users and delegators. This independence is thus a major pointer as to how the recent changes were arrived at.
To date, BNB utilizes two burn mechanisms. First, there is the BEP95 model that carries out a real-time burning mechanism on a portion of gas fees spent on BSC. This model has seen approximately 860 BNB burnt every day since the Bruno upgrade in late November.
Secondly, Binance has been burning BNB every quarter. The last such burn saw 1,335,888 BNB permanently removed from circulation reducing the total BNB supply from approximately 168,137,036 BNB to 166,801,148.
New Auto Burn To Be Driven By BSC Activity
The introduction of the new auto-burn mechanism means that the amount of BNB burned will no longer be based on Binance’s profit, but will depend on the price of BNB and the level of BSC activity. Furthermore, the new BNB auto burn will enhance the level of transparency and predictability of the BNB community when conducting transactions.
“BNB Auto-Burn will be both objective and verifiable, independent of revenues generated on the Binance CEX through the use of BNB, and will be automatically adjusting in that the burn amount will be based on the price of BNB, which, in turn, reflects the supply and demand for BNB, as well as the number of blocks produced during a quarter calculated based on on-chain information.” the announcement further reads.
The new BNB auto burn mechanism is expected to remove about 1.69M BNB in a quarter and will be halted when the total circulation of BNB drops below 100 million.
Check live crypto rates here
Start trading today – See our list of exchanges
636328 380331In case you have been injured as a result of a defective IVC Filter, you need to contact an experienced attorney practicing in medical malpractice cases, specifically someone with experience in these lawsuits. 968922
251959 194494Real informative and great anatomical structure of topic material , now thats user pleasant (:. 708294
I believe what you said made a bunch of sense.
However, what about this? suppose you were to create a awesome
title? I ain’t suggesting your information isn’t solid, but what if you added something to possibly grab a person’s attention? I mean Binance Announces The Implementation Of A New BNB Auto-Burn Procedure – Here’s
What This Means – The Cryptonium – Cryptocurrency & Bitcoin – Rates & News is kinda plain. You ought to look at Yahoo’s front
page and watch how they write article headlines to grab people interested.
You might add a related video or a related picture
or two to get readers excited about what you’ve written. In my opinion, it
might bring your posts a little bit more interesting.
That is a great tip especially to those fresh to the blogosphere.
Short but very precise information… Appreciate your sharing
this one. A must read article!
Great post! We are linking to this great article on our site.
Keep up the great writing.
constantly i used to read smaller articles or reviews which also clear
their motive, and that is also happening with this post which I am reading now.
I blog quite often and I really appreciate your content.
This great article has really peaked my interest.
I will bookmark your blog and keep checking for new details about
once per week. I opted in for your RSS feed too.
Hey there! Do you use Twitter? I’d like to follow you if that would
be okay. I’m definitely enjoying your blog and
look forward to new updates.
Excellent beat ! I wish to apprentice even as you amend your web site, how could i subscribe for a blog web site?
The account aided me a applicable deal. I were a little bit familiar of this your
broadcast offered bright clear concept
Nice blog here! Also your site loads up fast!
What host are you using? Can I get your affiliate link to your host?
I wish my site loaded up as fast as yours lol
Thanks for any other informative blog. The place else could I am getting
that kind of info written in such a perfect means?
I have a venture that I’m simply now running on, and I’ve been at the look out
for such information.
I blog frequently and I really thank you for your content.
This great article has truly peaked my interest. I am going to book mark your website and keep checking
for new information about once per week. I subscribed to your RSS
feed as well.
Howdy! Quick question that’s totally off topic.
Do you know how to make your site mobile friendly?
My website looks weird when browsing from my iphone. I’m trying to find a template or
plugin that might be able to correct this issue. If you have any recommendations,
please share. Appreciate it!
Hi there, everything is going sound here and ofcourse every
one is sharing facts, that’s genuinely excellent, keep up writing.
This website really has all of the information and facts
I wanted concerning this subject and didn’t know who to ask.
What’s Taking place i am new to this, I stumbled upon this I have found It
positively useful and it has helped me out loads. I’m hoping to contribute & help other users like its aided me.
Great job.
Hi there to all, it’s truly a fastidious for me to pay a
quick visit this web page, it includes priceless Information.
Fantastic post however I was wondering if you could
write a litte more on this topic? I’d be very grateful if
you could elaborate a little bit more. Many thanks!
Wonderful beat ! I wish to apprentice while you amend your website,
how can i subscribe for a blog web site? The account
helped me a acceptable deal. I had been a little bit acquainted
of this your broadcast provided vivid clear idea
Wonderful site. A lot of useful info here.
I’m sending it to several pals ans additionally sharing
in delicious. And obviously, thank you for your sweat!
Nice post. I used to be checking continuously
this weblog and I am inspired! Very helpful info particularly the closing phase :
) I maintain such information a lot. I used to be looking for this particular information for a long time.
Thank you and best of luck.
Aw, this was an extremely nice post. Finding the
time and actual effort to create a good article… but what can I say… I put things off a lot and don’t seem to
get nearly anything done.
These are genuinely impressive ideas in about blogging. You
have touched some good factors here. Any way keep up
wrinting.
Wow that was unusual. I just wrote an extremely long comment
but after I clicked submit my comment didn’t show up.
Grrrr… well I’m not writing all that over again. Anyways,
just wanted to say excellent blog!
Pretty nice post. I just stumbled upon your blog and wished to mention that I have truly loved surfing
around your blog posts. After all I will be subscribing on your rss feed and I hope you
write once more soon!
My spouse and I absolutely love your blog and find nearly
all of your post’s to be exactly I’m looking for. Would you offer guest writers to
write content for you? I wouldn’t mind producing a post
or elaborating on most of the subjects you write
about here. Again, awesome website!
I every time used to read piece of writing in news papers but now as I am a user of internet therefore from now I am using net for posts,
thanks to web.
Good blog you have here.. It’s difficult to find high-quality
writing like yours these days. I really appreciate individuals like you!
Take care!!
Great delivery. Great arguments. Keep up the great work.
It is the best time to make some plans for the future and it is time to be happy.
I have read this post and if I could I want to suggest you some interesting things or advice.
Maybe you could write next articles referring to
this article. I want to read even more things about it!
Hi! This post couldn’t be written any better! Reading through this
post reminds me of my old room mate! He always kept talking
about this. I will forward this post to him.
Pretty sure he will have a good read. Many thanks for sharing!
Its such as you read my mind! You appear to understand so much approximately this, like you wrote the e book in it or something.
I think that you simply can do with a few % to
force the message house a little bit, but other than that,
this is magnificent blog. An excellent read. I will definitely be back.
After looking at a few of the articles on your blog, I really
like your way of writing a blog. I book-marked it to my bookmark site
list and will be checking back in the near future. Please visit my website
too and tell me how you feel.
Because the admin of this web site is working, no question very quickly it will be well-known, due to
its quality contents.
Hey! Do you know if they make any plugins to protect against hackers?
I’m kinda paranoid about losing everything
I’ve worked hard on. Any recommendations?
Hey! I know this is kinda off topic however I’d figured I’d ask.
Would you be interested in exchanging links or
maybe guest writing a blog article or vice-versa?
My blog goes over a lot of the same subjects as yours and I think we could greatly benefit from each other.
If you are interested feel free to send me an e-mail.
I look forward to hearing from you! Awesome blog by the way!
I every time spent my half an hour to read this webpage’s articles daily along
with a mug of coffee.
I want to to thank you for this very good read!! I definitely
enjoyed every bit of it. I’ve got you book marked to check out new things you post…
I was suggested this blog by my cousin. I’m not sure whether this post is written by him as nobody else know such
detailed about my trouble. You’re incredible!
Thanks!
After looking at a number of the blog posts on your web site, I really appreciate your way of
blogging. I saved it to my bookmark site list and will be checking
back in the near future. Please visit my website as well and let me know what you think.
excellent submit, very informative. I’m wondering why the opposite specialists of this sector don’t notice this.
You must proceed your writing. I am confident, you have a huge readers’ base already!
whoah this blog is magnificent i like studying your articles.
Stay up the great work! You realize, many individuals
are hunting around for this info, you can help them greatly.
Hi, of course this article is actually pleasant and I have learned lot
of things from it concerning blogging. thanks.
Very shortly this website will be famous amid all blogging viewers, due to it’s nice posts
Inspiring story there. What occurred after?
Thanks!
Hello just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Firefox.
I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know.
The design look great though! Hope you get the problem solved soon. Cheers
Have you ever thought about including a little
bit more than just your articles? I mean, what you say is important and everything.
Nevertheless think of if you added some great visuals or video clips to give
your posts more, “pop”! Your content is excellent but with pics and videos, this blog could certainly be
one of the greatest in its niche. Very good
blog!
What’s Taking place i’m new to this, I stumbled upon this I’ve found It absolutely
useful and it has aided me out loads. I hope to contribute & help other customers
like its helped me. Great job.
Fantastic beat ! I would like to apprentice at the same time as you amend your web site, how
can i subscribe for a weblog website? The account aided
me a acceptable deal. I were tiny bit familiar of this your broadcast
provided vivid clear idea
Very nice post. I just stumbled upon your weblog and wanted to say that I have really loved surfing around your
weblog posts. In any case I will be subscribing for your rss feed and I hope you write again soon!
Have you ever thought about adding a little bit more
than just your articles? I mean, what you say is valuable and all.
However just imagine if you added some great photos or video clips to give your posts more, “pop”!
Your content is excellent but with pics and videos, this site could definitely be one of the most beneficial in its niche.
Very good blog!
Thank you, I’ve just been searching for info approximately this topic for a while and yours
is the greatest I have found out so far. However, what concerning the bottom
line? Are you sure in regards to the supply?
You can definitely see your skills in the work you write.
The world hopes for even more passionate writers such as you
who aren’t afraid to say how they believe.
All the time go after your heart.
Thanks , I have just been looking for information about this subject for a while and yours is the greatest I have discovered so far.
However, what in regards to the conclusion? Are you sure about the supply?
Every weekend i used to go to see this website, because i want enjoyment,
as this this web page conations actually pleasant funny information too.
Great work! This is the kind of information that are meant to be shared around
the web. Shame on Google for now not positioning this post upper!
Come on over and visit my website . Thank you =)
Hey! Do you know if they make any plugins to assist with SEO?
I’m trying to get my blog to rank for some targeted keywords but
I’m not seeing very good results. If you know of any please
share. Kudos!
Hi, i think that i saw you visited my site thus i came to “return the favorâ€.I’m attempting to find
things to enhance my website!I suppose its ok to use some of your ideas!!
I’m not sure where you’re getting your info, but good topic.
I needs to spend some time learning more or understanding more.
Thanks for fantastic info I was looking for this information for my mission.
Saved as a favorite, I like your web site!
Appreciate this post. Will try it out.
I don’t even know the way I stopped up right here,
but I thought this post was once good. I do
not realize who you are but definitely you are going to a well-known blogger for those who are not already.
Cheers!
Hurrah! After all I got a weblog from where I be capable of in fact get useful data concerning my study and knowledge.
I do not even understand how I stopped up right
here, however I believed this put up was great. I don’t realize who you might
be but definitely you’re going to a famous blogger in case you aren’t already.
Cheers!
I believe everything posted made a bunch of sense. However, what about this?
suppose you typed a catchier title? I mean, I don’t want
to tell you how to run your website, however what if you added something that
makes people desire more? I mean Binance Announces The Implementation Of A New
BNB Auto-Burn Procedure – Here’s What This Means – The
Cryptonium – Cryptocurrency & Bitcoin – Rates
& News is kinda plain. You should look at Yahoo’s home page and see
how they create news headlines to grab viewers to click.
You might add a video or a related pic or two to grab people excited about everything’ve written. In my opinion, it could
bring your blog a little livelier.
It’s actually a cool and helpful piece of info.
I am glad that you shared this helpful info with us. Please keep us
up to date like this. Thank you for sharing.
Thanks for the good writeup. It in reality used to be a entertainment account it.
Glance advanced to more added agreeable from you! By the way, how can we communicate?
These are in fact impressive ideas in concerning blogging.
You have touched some nice points here. Any way keep up wrinting.
As the admin of this web page is working, no uncertainty very rapidly it will be well-known, due
to its feature contents.
I am sure this post has touched all the internet viewers,
its really really pleasant post on building up new weblog.
Hey I know this is off topic but I was wondering if you knew of any widgets
I could add to my blog that automatically tweet my newest twitter
updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would
have some experience with something like this. Please let me
know if you run into anything. I truly enjoy reading your blog and I look forward to
your new updates.
When someone writes an paragraph he/she maintains the thought of a user in his/her mind that how a user
can be aware of it. Therefore that’s why this paragraph is amazing.
Thanks!
Hmm is anyone else having problems with the pictures on this blog loading?
I’m trying to figure out if its a problem on my end or if it’s the blog.
Any suggestions would be greatly appreciated.
WOW just what I was searching for. Came here by searching for llc in indiana
Hi there mates, nice paragraph and pleasant arguments commented here, I am truly enjoying by these.
Hi there mates, its impressive article on the topic of educationand completely explained, keep it
up all the time.
I was suggested this blog by my cousin. I am now not positive whether this put up is written through him as nobody
else know such particular about my trouble. You’re wonderful!
Thanks!
It’s great that you are getting thoughts from
this paragraph as well as from our dialogue made here.
Today, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a 40 foot drop,
just so she can be a youtube sensation. My iPad is
now destroyed and she has 83 views. I know this is entirely off topic
but I had to share it with someone!
Admiring the persistence you put into your blog and in depth information you
provide. It’s nice to come across a blog every
once in a while that isn’t the same unwanted rehashed material.
Excellent read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.
Fine way of telling, and good paragraph to take information about my presentation focus, which i am going to convey in college.
I’ve been exploring for a little bit for any
high-quality articles or blog posts in this sort of house .
Exploring in Yahoo I eventually stumbled upon this web site.
Reading this information So i am happy to convey that I have an incredibly good uncanny feeling I discovered exactly what I needed.
I most unquestionably will make certain to do not forget this website and provides it a look regularly.
What’s up to every one, because I am really keen of reading this
blog’s post to be updated on a regular basis. It consists
of fastidious material.
I know this web site presents quality based content
and extra information, is there any other site
which gives these kinds of data in quality?
324670 364521The web site loading speed is incredible. 206163