{"id":77198,"date":"2023-04-14T11:01:56","date_gmt":"2023-04-14T08:01:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77198"},"modified":"2025-09-10T21:55:34","modified_gmt":"2025-09-10T18:55:34","slug":"binance-completes-23rd-quarterly-bnb-burn-worth-over-676-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-completes-23rd-quarterly-bnb-burn-worth-over-676-million\/","title":{"rendered":"Binance completes 23rd quarterly BNB burn worth over $676 million"},"content":{"rendered":"<p>The cryptocurrency exchange Binance conducted its twenty-third quarterly burn of Binance Coin (BNB) tokens. 2.02 million coins were taken out of circulation, worth more than $676 million.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Binance<\/a> completes the 23rd Quarterly <a href=\\\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BNB<\/a> Burn!<\/p>\n<p>? 2.02m <a href=\\\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BNB<\/a> has been burned ? <a href=\\\"https:\/\/t.co\/sQVli4dR1m\\\">pic.twitter.com\/sQVli4dR1m<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\\\"https:\/\/twitter.com\/binance\/status\/1646781154626863104?ref_src=twsrc%5Etfw\\\">April 14, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In 2017 the company launched a burn program aimed at removing 100 million tokens from circulation \u2014 half of the total supply. Since 2021 the number of tokens burned has been automatically <a href=\"https:\/\/u1f987.com\/en\/news\/binance-abandons-manual-bnb-burning-in-favour-of-new-auto-burn-algorithm\">calculated<\/a> according to the Auto-Burn formula.<\/p>\n<p>Of the total coins removed from circulation during the quarter, 656 BNB were attributed to the Pioneer Burn program.<\/p>\n<p>In the previous round in January 2023, Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-burns-over-575-million-worth-of-bnb-in-22nd-quarterly-burn\">burned<\/a> 2.06 million coins worth over $575 million.<\/p>\n<p>In March, the BNB Chain community <a href=\"https:\/\/u1f987.com\/en\/news\/bnb-chain-explores-lower-transaction-fees\">put forward a proposal<\/a> to reduce transaction fees in the consensus protocol <span data-descr=\\\"BNB Smart Chain\\\" class=\\\"old_tooltip\\\">BSC<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance conducted its twenty-third quarterly burn of Binance Coin (BNB) tokens. 2.02 million coins were taken out of circulation, worth more than $676 million.<\/p>\n","protected":false},"author":1,"featured_media":77199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1307,1258],"class_list":["post-77198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bnb-chain","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77198"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77198\/revisions"}],"predecessor-version":[{"id":77200,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77198\/revisions\/77200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77199"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}