COINOTAG News reported on April 16 that the BNB Foundation has successfully executed its 31st quarterly BNB token burn. This strategic move underscores the organization’s commitment to maintaining a deflationary model within the BNB Chain. The latest burn resulted in an impressive total of 1,579,207.72 BNB, translating to a market value of approximately $9.1607 billion at the time of the burn. As part of its ongoing efforts, the foundation has outlined that there remains a total of 40,886,572.43 BNB left to be burned, with the current total supply now standing at 139,311,899.514 BNB. Such measures are indicative of the foundation’s proactive approach to enhance scarcity and bolster the utility of the BNB ecosystem, ultimately aiming to support investor confidence and long-term growth in the cryptocurrency space.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024