Binance Burns $740M in BNB Tokens

Crypto exchange Binance has burned 1,839,786.26 BNB, including 9,403.78 BNB through the Pioneer Burn program.

Within the previous round in In January 2022, Binance burned 1,684,387.11 BNB, which was $795 million in fiat. 

At the end of 2021, Binance abandoned the concept of quarterly destruction of BNB in ​​favor of the Auto- Burn.

The algorithm does not take into account the revenue generated by the Binance trading platform, but is based solely on the BNB price and the number of blocks mined during the quarter. The program will be curtailed when the total number of burned coins reaches 100 million.