Cryptocurrency News

What is BNB auto-burn and how does it work?

07/09/2022

Less than a minute

2022.07.09 00:51

What is BNB auto-burn and how does it work?

Binance Coin (BNB) is the Binance ecosystem’s native cryptocurrency. Launched in 2017, BNB was originally presented as an ERC-20 token on the Ethereum blockchain with a total supply of 200 million. In 2019, Binance started its mainnet swap and migrated all BNB tokens to BNB Chain.

A beginner’s guide to the BNB Chain: The evolution of the Binance Smart Chain

Real-time burning mechanism (BEP-95)

Quarterly auto-burn

07/09/2022

Less than a minute

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