BNB News Archives - Cryptolifedigital

Binance, one of the world's largest cryptocurrency exchanges, has completed its 24th quarterly BNB token burn. According to an official announcement made via Twitter, a staggering 1,991,854 BNB was permanently removed from circulation through the BNB Auto-Burn mechanism. https://twitter.com/binance/status/1681604828127019008 The quarterly token burn is a vital aspect of Binance's commitment to the tokenomics of its native cryptocurrency, Binance Coin (BNB). The exchange allocates a portion of its trading fee revenue to buy back BNB from the market, and these purchased tokens are subsequently destroyed, reducing the total supply of BNB in existence. Read Also: Binance Temporarily Suspends Market Order Functions Due to Technical Issues The latest token burn, involving nearly 2 mi...

In the course of the BNB Chain Revelation Summit on 31st May, BNB Chain announced the release of a technical roadmap. As stated by the team, the roadmap has been developed to aid the network’s decentralized structure, infrastructure capacity for side-chains, and potential for developer-built decentralized applications (dApps). The team also claimed that with this technical roadmap, over the next few months, there will be updates and improvements made. Read Also: Three Best Ways to Earn Passive Income with Crypto in 2022. For example, the introduction of META Apes on the platform, the creation of its Metaverse, a reduction in the number of its validators to 41 through the BEP-131 proposal, and an increase in the chain’s block gas capacity to 200 million by the 3rd quarter of this ...

Tag: BNB News

Binance Completes 24th Quarterly BNB Token Burn, Removing 1,991,854 BNB from Circulation

What you should know about the highs and lows of BNB and its chain