BNB Chain Burns Over $500M in BNB Tokens

Token burn refers to the process of permanent deletion of coins from their circulating supply. Over 100 million BNB ( $691.90 ) , or half of its total supply, are intended to be removed from circulation through a burning process and to eventually keep only 100 million BNB ( $691.90 ) in circulation. This commitment is automatically honored each quarter and calculated according to the Auto-Burn formula, as previously reported.