Binance has finished its 21st quarterly BNB burn, which took about $547 million worth of BNB tokens out of circulation.
The BNB white paper says, “Every quarter, we’ll use 20% of our profits to buy back BNB and destroy them until we’ve bought back 50% of all the BNB.” The blockchain will record all buy-back transactions. We will destroy 100MM BNB in the end, leaving only 100 BNB.”
