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


Officially Binance AnnoucedThe implementation of a (BNB(Auto-Burn Protocol to Replace the current Quarterly Burn Mechanism.

Binance modified its quarterly burning protocol to BNB tokens, in accordance with the BNB community’s 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.