BNB Foundation announced its 37th quarterly token burn. A total of 1,646,196 BNB, worth about $1.2 billion at the time of the burn, was destroyed.
After the burn, 131.5 million BNB remained in circulation. The network's long-term goal is to reduce the total supply to 100 million tokens.
The amount of each burn is calculated automatically based on the price of BNB and the number of blocks produced on BNB Smart Chain during the quarter.
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