{"id":4529,"date":"2022-04-29T10:50:53","date_gmt":"2022-04-29T03:50:53","guid":{"rendered":"https:\/\/test.wikibinance.com\/?p=1059"},"modified":"2022-08-23T14:05:56","modified_gmt":"2022-08-23T07:05:56","slug":"binance-releases-19th-bnb-burn-token-report","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/news\/binance-releases-19th-bnb-burn-token-report.html","title":{"rendered":"Binance releases 19th BNB Burn Token report"},"content":{"rendered":"<h2>Binance&#8217;s announcement<\/h2>\n<figure style=\"width: 800px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1063\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-1024x576.png\" alt=\"Binance announces completion of 19th quarterly BNB token burning\" width=\"800\" height=\"450\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-1024x576.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-300x169.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-768x432.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-1536x864.png 1536w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-750x422.png 750w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-1140x641.png 1140w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB.png 1600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-caption-text\">Binance announced the completion of the 19th quarterly BNB token burning<\/figcaption><\/figure>\n<p>On April 20, Binance announced the <span style=\"font-weight: 400;\">completion of the 19th quarterly BNB token burning with 1,839,786.26 BNB. The last quarterly burn burn burned an additional BNB 9,403.78 through<\/span> <span style=\"font-weight: 400;\">the BNB Pioneer Burn Program.<\/span> <span style=\"font-weight: 400;\">Txid of the 19th Quarterly BNB Burn: <\/span><a href=\"https:\/\/explorer.binance.org\/tx\/7EA14BB56EF812C142242F360E938BF545E5E17446039DD7D9CB6C9D1EE09DB9\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">https:\/\/explorer.binance.org\/tx\/7EA14BB56EF812C142242F360E938BF545E5E17446039DD7D9CB6C9D1EE09DB9<\/span><\/a><\/p>\n<h2>Information about the 19th BNB burn<\/h2>\n<figure style=\"width: 800px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1065\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/thong-ke-1024x784.png\" alt=\"Information about the 19th BNB burn\" width=\"800\" height=\"613\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/thong-ke-1024x784.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/thong-ke-300x230.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/thong-ke-768x588.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/thong-ke-750x574.png 750w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/thong-ke-1140x873.png 1140w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/thong-ke.png 1324w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-caption-text\">Information about the 19th BNB burn<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In the last quarter, BNB completed the BNB Auto-Burn in the second quarter. A total of BNB 1,839,786.26, or the equivalent of $741,840,738,874 USD, was removed from circulation. This included 9,403.78 BNBs that had been burned from the Pioneer Burn Program.<\/span> <span style=\"font-weight: 400;\">Here are the facts and figures:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Total BNB burned: 1,839,786.26 BNB<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Approximate value in USD: ~$741,840,738,874 USD<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Transaction ID (TXID) to burn BNB: <\/span><a href=\"https:\/\/explorer.bnbchain.world\/tx\/7EA14BB56EF812C142242F360E938BF545E5E17446039DD7D9CB6C9D1EE09DB9\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">View transactions<\/span><\/a><\/li>\n<li><span style=\"font-weight: 400;\">BNB burned from Pioneer Burn Program: 9,403.78 BNB<\/span><\/li>\n<\/ul>\n<h2>About BNB Auto-Burn: New Quarterly BNB Burning Protocol<span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Over the years, the blockchain ecosystem has evolved in a variety of ways from the community&#8217;s constructive feedback. Like many projects that have been supported by the community, BNB has been on its own development journey towards greater innovation.\u00a0<\/span><span style=\"font-weight: 400;\">In the future, quarterly BNB burning will take place using the BNB Auto-Burn protocol. This will bring greater transparency and predictability to the BNB Community. BNB Auto-Burn will be objective and verifiable, independent of the revenue generated on Binance CEX through the use of BNB, and the amount burned will be automatically adjusted the amount burned will be based on the price of BNB. Therefore, the number of BNBs will reflect the amount of supply and demand in terms of BNB, as well as the number of Blocks generated in a quarter calculated on the basis of information on the chain. This formula is as follows:<\/span> <i><span style=\"font-weight: 400;\">B<\/span><\/i><span style=\"font-weight: 400;\"> is the amount of BNB to burn. <\/span><i><span style=\"font-weight: 400;\">N<\/span><\/i><span style=\"font-weight: 400;\"> is the total number of blocks produced on BSC in the calendar quarter*. <\/span><i><span style=\"font-weight: 400;\">P<\/span><\/i><span style=\"font-weight: 400;\"> is the average price of BNB versus U.S. dollars**. <\/span><i><span style=\"font-weight: 400;\">K<\/span><\/i><span style=\"font-weight: 400;\"> is a constant value as the price anchor, initially set at 1,000***.BNB Auto-Burn will be halted when the total amount of BNB in circulation falls below 100 million.<\/span> <span style=\"font-weight: 400;\">* The typical block generation time of BSC is about 3 seconds, so the number of blocks created in an hour would be about 1,200 (3,600 seconds per hour, divided by 3). Assuming there are three months and thirty days in a calendar quarter, N must approximately 3,600 \u00f7 3 \u00d7 24 \u00d7 30 \u00d7 3 = 2,592,000. Of these, 24 are the number of hours in a day, 30 are the number of days in a month and 3 are the number of months in a quarter.<\/span> <span style=\"font-weight: 400;\">**P is the average value of a sampling on a widely accepted oracle price provider (e.g.,<\/span><span style=\"font-weight: 400;\"> ChainLink <\/span><span style=\"font-weight: 400;\">) on BSC and the sampling frequency is per 10,000 blocks, which is now equivalent to an 8.3-hour period.<\/span> <span style=\"font-weight: 400;\"> The value of K may vary through BSC<\/span><span style=\"font-weight: 400;\"> BEP proposala <\/span><span style=\"font-weight: 400;\">and community votes.<\/span> <span style=\"font-weight: 400;\">The chart below shows the number of BNBs projected quarterly by Auto-Burn for a wide range of BNB average prices. After the implementation of BNB Auto-Burn, the BNB number expected to be burned based on the above formula will be published widely.<\/span><\/p>\n<figure style=\"width: 800px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1060\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-Auto-Burn-1024x633.png\" alt=\"Auto-Burn expected quarterly BNB number chart\" width=\"800\" height=\"495\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-Auto-Burn-1024x633.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-Auto-Burn-300x186.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-Auto-Burn-768x475.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-Auto-Burn-750x464.png 750w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-Auto-Burn-1140x705.png 1140w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/04\/BNB-Auto-Burn.png 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-caption-text\">Auto-Burn&#8217;s expected quarterly BNB number chart<\/figcaption><\/figure>\n<h2>What is BNB Auto-Burn?<\/h2>\n<p><span style=\"font-weight: 400;\">As mentioned, BNB Auto-Burn will automatically adjust the number recorded based on the BNB price and BNB&#8217;s supply-demand dynamics. This means that if the price of BNB falls, the amount of BNB burned will increase.<\/span> <span style=\"font-weight: 400;\">BNB Auto-Burn is a mechanism that is both objective and verifiable. Its purpose is to provide greater transparency and predictability of transactions. Unlike Quarterly Burning, BNB Burn automatically is independent of the BNB trading volume on the Binance exchange. Instead, it uses the information on the chain from the BSC to calculate the amount to burn.<\/span><\/p>\n<p><em>&gt;&gt;&gt; Read more news about Binance: <a href=\"https:\/\/wikibinance.com\/tin-tuc\/binance-vap-phai-chi-trich-khi-ra-mat-emoji-giong-swastika-vao-dung-sinh-nhat-hitler.html\">Binance faces criticism for launching Swastika-like emoji on Hitler&#8217;s birthday<\/a><\/em><\/p>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\"\n    data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;4529&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n    \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance&#8217;s announcement On April 20, Binance announced the completion of the 19th quarterly BNB token burning with 1,839,786.26 BNB. The last quarterly burn burn burned an additional BNB 9,403.78 through the BNB Pioneer Burn Program. Txid of the 19th Quarterly BNB Burn: https:\/\/explorer.binance.org\/tx\/7EA14BB56EF812C142242F360E938BF545E5E17446039DD7D9CB6C9D1EE09DB9 Information about the 19th BNB burn In the last quarter, BNB completed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[392],"tags":[1457],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4529"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=4529"}],"version-history":[{"count":2,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4529\/revisions"}],"predecessor-version":[{"id":5434,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4529\/revisions\/5434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/1061"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=4529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=4529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=4529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}