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Binance introduces BNB Auto-Burn to replace quarterly burn protocol -Breaking


© Reuters.

Officially Binance AnnouncementImplementation of a newBNBThe Auto-Burn protocol will replace the existing quarterly burn procedure.

Binance has changed the quarterly burning protocol of BNB tokens in response to community requests. According to Binance, this will provide more “transparency and predictability” to its community. BNB can be burnt automatically using a formula that uses on-chain data about total blocks and the average BNB price.