The 27th of the BNB token burn, which the Binance exchange started years ago and then performed every quarter with an automatic burning program, has also been completed. A total of 1,944,452 tokens were removed from circulation. As it is known, the burns will continue until the supply of BNB drops to 100 million units.

Binance’s automatic burn program is both externally auditable and independent of the Binance exchange itself. One of the most important elements here is that a portion of BNB Chain’s gas fees will continue to be burned. With a system called the Real-Time Burning Mechanism, burns also occur instantaneously.

The previous burn took place on January 17, and 2 million 141 thousand BNBs worth $630 million were burned at that time.