{"id":22614,"date":"2025-04-17T18:01:43","date_gmt":"2025-04-17T18:01:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22614"},"modified":"2025-04-17T18:01:43","modified_gmt":"2025-04-17T18:01:43","slug":"bnb-goes-up-in-smoke-cz-honors-nearly-1-billion-token-burn-promise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22614","title":{"rendered":"BNB Goes Up In Smoke: CZ Honors Nearly $1 Billion Token Burn Promise"},"content":{"rendered":"
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The BNB Foundation has reached its 31st quarterly token burn, taking 1,579,207 tokens out of circulation. This colossal decrease, valued at about $916 million at today\u2019s prices, reaffirms the project\u2019s long-standing dedication to reduce its overall supply.<\/p>\n

Burn Size Records Marginal Decline From All-Time High<\/strong><\/h2>\n

The latest burn is reported as a dip from the previous quarter\u2019s all-time record. The 30th quarterly burn destroyed 1.634 million tokens worth approximately $1.16 billion. The earlier burn destroyed 1.524 million tokens via the Auto-Burn system and approximately 110,000 units via the Pioneer Burn Program. The latest burn didn\u2019t see any tokens from the Pioneer program.<\/p>\n

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The 31st quarterly $BNB<\/a> token burn has been completed directly on BNB Smart Chain (BSC).<\/p>\n

1.57M BNB has been burned \"\ud83d\udd25\"<\/p>\n

View burn details \"\ud83d\udc47\"https:\/\/t.co\/u6HT0dLyFe<\/a> pic.twitter.com\/7jWUC9DgC0<\/a><\/p>\n

\u2014 BNB Chain (@BNBCHAIN) April 16, 2025<\/a><\/p>\n<\/blockquote>\n

Token Supply Close To Halfway Point To Achieve Target Goal<\/strong><\/h2>\n

By means of this last cut, BNB has collectively burned around 40.89 million tokens now. At a price of $581 per token, this equates to the value of some $23.75 billion eradicated from supply forever.<\/p>\n

The original plan in the ecosystem as described in its whitepaper has been to halve the entire supply from 200 million down to 100 million tokens. The supply that exists now amounts to about 139.311 million tokens, leaving the token almost halfway toward its final mark.<\/p>\n


\nMarket Position Continues Strong Even Amid Community Worries<\/strong><\/p>\n

The circulating supply continues to be the fifth-largest in market capitalization, with its value at around $81 billion. It is the leading exchange token in the market.<\/p>\n

Some of the community members have raised the issue of whether it is rational to burn amounts this big when the money can be used to fund marketing initiatives instead.<\/p>\n

\n

Many have asked: Why don\u2019t you use that money for marketing instead?<\/p>\n

Me: It\u2019s not up to me. It was in the whitepaper. A promise is a promise.\"\ud83e\udd37\u200d\u2642\ufe0f\"<\/p>\n

\u2014 CZ \"\ud83d\udd36\" BNB (@cz_binance) April 16, 2025<\/a><\/p>\n<\/blockquote>\n

Asked how these issues can be addressed, Binance founder Changpeng Zhao replied that the burn mechanism is a promise set forth in the token\u2019s whitepaper, remarking simply: \u201cA promise is a promise.\u201d<\/p>\n

Multiple Burning Methods Drive Systematic Supply Reduction<\/strong><\/p>\n

According to data from the foundation, BNB has two mechanisms in place to control its token supply. The first is the quarterly Auto-Burn which varies according to price and network usage. The second occurs real-time via BEP95, burning tokens within gas fees network-wide. All tokens burned are directed into a provable \u201cblack hole\u201d address where they are irretrievable from circulation.<\/p>\n

The Binance coin token has various roles in its ecosystem, fueling transactions on BNB Smart Chain, opBNB, and Greenfield networks. In addition to paying for transaction fees, it is used as a governance token and reserve asset and also fuels ecosystem growth.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The BNB Foundation has reached its 31st quarterly token burn, taking 1,579,207 tokens out of circulation. This colossal decrease, valued at about $916 million at today\u2019s prices, reaffirms the project\u2019s long-standing dedication to reduce its overall supply. Burn Size Records Marginal Decline From All-Time High The latest burn is reported as a dip from the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22614","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22614"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22614\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}