Cryptocurrency Q&A
Is BNB deflationary?
Is BNB deflationary?
Alessandra
Wed Jan 08 2025
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7 answers
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I'm wondering if BNB, the cryptocurrency issued by Binance, has deflationary characteristics. In other words, does its value tend to increase due to a limited supply or burning mechanism?
7 answers
EclipseSeeker
Fri Jan 10 2025
BNB boasts a deflationary Auto-Burn mechanism.
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Valentino
Fri Jan 10 2025
This mechanism is designed to reduce the circulating supply of BNB over time.
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BlockchainBaroness
Thu Jan 09 2025
Alongside its Auto-Burn feature, BNB also exhibits strong utility.
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Stefano
Thu Jan 09 2025
However, despite its promising features, market volatility is a crucial factor to consider.
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henry_miller_astronomer
Thu Jan 09 2025
It serves as a payment method for transaction fees on the Binance exchange, offering discounts to users.
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