BNB Completes 32nd Quarterly Burn, Worth Approximately $1.024 Billion

The $BNB Foundation announced the completion of its 32nd quarterly burn, totaling 1,595,599.78 $BNB, worth approximately $1,024,000,000.00. This includes 1,595,470.69 $BNB actually burned and 129.10 $BNB burned through the Pioneer Burn Program. After this burn, the total supply of $BNB remaining is 139,289,513.94, and the burned tokens have been sent to a black hole address. In addition, $BNB also implements a real-time burn mechanism that destroys transaction fees based on blocks. Since the introduction of BEP95, approximately 265,000 $BNB have been burned through this mechanism. This burn also includes the Pioneer Burn Program, which is used to compensate users for losses caused by operational errors. [Odaily Planet Daily]