Gate News message, April 16 — The BNB Foundation announced completion of its 35th quarterly token burn, destroying 1.569 million BNB on BNB Smart Chain (BSC) with a value of approximately $1.02 billion. Following the burn, the total circulating supply decreased to approximately 134.8 million BNB.
The foundation’s ultimate target is to reduce the total supply to 100 million BNB. The ongoing burn mechanism is designed to support the long-term health and development of the BNB Chain ecosystem.
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