Binance Coin (BNB) has undergone its 25th quarterly token burn, removing 2,139,182 BNB tokens from circulation. This reduction in supply is part of Binance's plan to eliminate over 100 million BNB, leaving only 100 million in circulation. The token burn practice began in 2017 and aims to increase scarcity and potentially increase the value of BNB. Despite the significant number of tokens burned, the market response has been relatively calm, with BNB trading at around $213, showing a 2.74% increase in the past 24 hours. The token burning process is transparent and auditable, and the figures are reported quarterly. Binance's approach to managing and enhancing the value of BNB includes burning tokens and using them in transaction fees.
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