Cryptocurrency Q&A
What is the total supply of Binance?
What is the total supply of Binance?
ZenBalance
Tue Aug 20 2024
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5 answers
1250
Could you please clarify the total supply of Binance, specifically referring to the Binance Coin (BNB)? Understanding the maximum amount of BNB tokens that will ever be in circulation is crucial for investors to assess the potential scarcity and value of the cryptocurrency. I'm interested in knowing if there's a predetermined cap on the total supply, and if so, what that figure is. Additionally, if the supply is not fixed and subject to change, I'd like to know the current status and any future plans regarding its adjustment. Thank you for your clarification.
5 answers
Elena
Thu Aug 22 2024
One of the unique aspects of the BNB token is its quarterly burning mechanism. This process involves Binance taking a portion of the BNB supply and permanently removing it from circulation.
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PulseEclipse
Thu Aug 22 2024
The goal of this quarterly burning is to reduce the overall supply of BNB over time. Specifically, Binance aims to reduce the total supply of BNB by half, down to 100 million coins.
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isabella_bailey_economist
Thu Aug 22 2024
The current circulating supply of BNB, the native token of the Binance cryptocurrency exchange, stands at a significant figure. With an initial maximum supply capped at 200 million coins, a portion of these coins have already entered into circulation.
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Sebastiano
Thu Aug 22 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. These services include spot trading, futures trading, and wallet management, among others. By leveraging these services, users can easily buy, sell, and store BNB and other cryptocurrencies.
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Valentina
Thu Aug 22 2024
As of September 2021, the exact number of BNB coins in circulation is 168,137,036. This represents a substantial proportion of the total BNB supply that has been released and is now actively traded on the market.
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