What was the total amount of BNB coin burned in 2018?
![avatar](https://download.bydfi.com/api-pic/images/avatars/fN6Pb.png)
Can you tell me the total amount of BNB coin that was burned in the year 2018? I'm curious to know how much Binance burned to reduce the supply of BNB tokens.
![What was the total amount of BNB coin burned in 2018?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/1b/041924182c3044ca74d7e8294b848c069c9f44.jpg)
3 answers
- In 2018, Binance burned a total of 1,821,586 BNB coins. This burning process is part of Binance's commitment to reducing the total supply of BNB tokens and increasing their value.
Feb 17, 2022 · 3 years ago
- The total amount of BNB coin burned in 2018 was 1,821,586. This burning mechanism is implemented by Binance to maintain the value and scarcity of BNB tokens.
Feb 17, 2022 · 3 years ago
- Ah, the BNB coin burning in 2018! It was quite a sight to see. Binance, the popular cryptocurrency exchange, burned a whopping 1,821,586 BNB coins. This move helped reduce the supply and increase the value of BNB tokens. Kudos to Binance for taking such proactive steps!
Feb 17, 2022 · 3 years ago
Related Tags
Hot Questions
- 85
What are the best practices for reporting cryptocurrency on my taxes?
- 71
What are the advantages of using cryptocurrency for online transactions?
- 70
How can I minimize my tax liability when dealing with cryptocurrencies?
- 50
How can I buy Bitcoin with a credit card?
- 45
What are the tax implications of using cryptocurrency?
- 41
What is the future of blockchain technology?
- 40
What are the best digital currencies to invest in right now?
- 20
Are there any special tax rules for crypto investors?