What is the total supply of Binance coins?
Samarth GhongadeDec 16, 2021 · 3 years ago3 answers
Can you please provide me with the detailed information about the total supply of Binance coins? I am curious to know how many Binance coins are currently in circulation.
3 answers
- Dec 16, 2021 · 3 years agoThe total supply of Binance coins (BNB) is 200 million. However, it's important to note that the supply is not fixed and can change over time due to token burns and other factors. Binance periodically burns a portion of the BNB tokens to reduce the total supply and increase the value of the remaining tokens. This burning process helps create scarcity and maintain the token's value.
- Dec 16, 2021 · 3 years agoAs of now, the total supply of Binance coins is 200 million. However, it's worth mentioning that Binance has a plan to gradually reduce the supply to 100 million through periodic token burns. This reduction in supply aims to increase the value of Binance coins over time.
- Dec 16, 2021 · 3 years agoThe total supply of Binance coins is currently 200 million. However, it's important to note that the supply is not fixed and can change due to token burns. Binance has a unique feature called BNB burn, where they use a portion of their profits to buy back and burn BNB tokens. This process helps reduce the supply and increase the value of the remaining tokens.
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