BNB Chain has completed its 31st quarterly auto-burn, removing 1.58 million BNB tokens worth approximately $916 million from circulation. This strategic reduction in supply brings the total down to 140.88 million BNB, steadily progressing toward the long-term goal of 100 million.
- š„ 1.58M BNB (~$916M) burned in Q1 auto-burn
- š Total BNB supply reduced to 140.88M
- šÆ Goal: Decrease supply to 100M tokens
- š Burn mechanism helps increase scarcity and potentially support long-term price
This ongoing deflationary model could signal a strong long-term investment opportunity, as reduced supply may drive value higher, especially with increasing utility and demand in the BNB ecosystem. Show Less
