<ul><li>The BNB Foundation has completed its 31st quarterly token burn, removing 1,579,207 tokens from circulation, worth about $916 million.</li><li>This burn is a decrease from the previous quarter's record of destroying 1.634 million tokens worth approximately $1.16 billion.</li><li>BNB has now burned a total of around 40.89 million tokens, bringing its circulating supply closer to its target goal of 100 million tokens.</li><li>Despite some community concerns about using the money for marketing initiatives, Binance founder Changpeng Zhao emphasizes that the burn mechanism is a promise stated in the token's whitepaper.</li></ul>

BNB Goes Up In Smoke: CZ Honors Nearly $1 Billion Token Burn Promise

Discover more