In December 2021, the developers of Binance Smart Chain proposed an upgrade called BEP-95 that would be a deflationary mechanism burning off the BNB supply for each transaction. Although Binance burns BNB on a quarterly basis, this mechanism is capped as burning a maximum of 100m BNB. The recent figures, as tweeted by WatcherGuru today, was that Binance burned $25 Million BNB tokens since they implemented the BEP-95 burning mechanism. JUST IN: $25 million #BNB has been burned since the BEP-95 real-time burning mechanism was implemented. — Watcher.Guru (@WatcherGuru) February 28, 2022 The burning mechanism for $BNB has been moving at a startling pace. $BNB holders are hoping Binance continues their burning mechanism as it will have a ‘sustainable impact’ on token price.The post BNB Token Burns $25 Million Since BEP-95 Ignites appeared first on Cryptoknowmics-Crypto News and Media Platform.
XRP Price Set to Explode on May 19th
