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Binance Launches New Auto-Burn Mechanism for Binance Coin

BNB Auto-Burn is a new burn mechanism designed by Binance to foster the development of a “healthy blockchain ecosystem” together with the Binance Smart Chain (BSC) and Binance Coin (BNB) communities.

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Binance introduces BNB Auto-Burn to replace quarterly burn protocol

Binance will burn BNB automatically from now on based on a formula consisting of on-chain data of total blocks generated and the average price of BNB.

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