Hello everyone, I am a frog!During the destruction activity in the 25th quarter, nearly 2.13 million BNBs were withdrawn from circulation
Hello everyone, I am a frog!
During the destruction activity in the 25th quarter, nearly 2.13 million BNBs were withdrawn from circulation.
The total supply of Coin An has decreased from 200 million to nearly 150 million, and a new round of destruction activities has led to a continuous decrease in BNB supply. Coin An stated in a destruction event that nearly 2.13 million BNBs have been withdrawn from circulation, indicating its commitment to making BNBs more scarce and valuable through such measures.
The destruction mechanism of BNB follows the following principles: when BNB was launched in July 2017, it promised to remove half of its total supply (100 million BNBs) from circulation. This commitment will be fulfilled every quarter and calculated based on the automatic destruction formula. The automatic destruction mechanism will automatically adjust the BNB destruction amount based on the BNB price and the number of blocks generated on the BNB chain in the current quarter. In addition, BNBChain also utilizes the Real Time Burn mechanism to burn a portion of the Gas fee in real-time.
In addition to the destruction mechanism mentioned above, the Pioneer Destruction Plan also helps to reduce the circulation supply of BNB. Due to the mistake made by BNBChain users in the overall destruction of the supply, this unique measure resulted in financial losses. In the latest round, the 314.69BNB token disappeared due to the Vanguard Destruction Plan.
With the ongoing destruction activities, the total supply of BNB has decreased to nearly 150 million, which is a 25% decrease compared to the 200 million at the time of BNB's launch. As of the writing of this article, BNB has risen by 2.86%, with a market value exceeding $32 billion, making it the fourth largest cryptocurrency. Although BNB's price trend is positive, investors' views on BNB are not consistent. Santiment's data shows a significant difference between BNB's weighted sentiment and market value.
This indicates that although the results of recent destruction activities have had a positive impact on the price of BNB, investors' expectations for the cryptocurrency remain to be observed. However, in the long run, as the supply of BNB decreases and Coin An continues to destroy it, the value of BNB may further increase.
In summary, Coin An destroyed nearly 2.13 million BNBs during its destruction campaign in the 25th quarter, indicating that Coin An is striving to fulfill its commitment to making BNBs more scarce and valuable. Despite the active short-term price trend of BNB, investors still have disagreements about its long-term prospects. With the continuous decrease in BNB supply, the further promotion of coin security destruction activities, and the gradual increase in BNB value, investors may pay more attention to and invest in this cryptocurrency.
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