Did you know...?💬🤔
Binance periodically burns a portion of the BNB tokens that are used to pay trading fees on the platform?
📍Every quarter, Binance uses 20% of its profits to buy and burn BNB tokens. This reduces the total supply of BNB and can have a positive impact on its price.📈
Why is it important? 💬
📍The burning of BNB is a mechanism designed to reduce the supply of tokens and increase their long-term value.
What do you think? Share your thoughts! 💬
BNBUSDT
Perp
858.6
-3.26%
ETHUSDT
Perp
3,008.79
-2.90%